Income Tax Break

michael1983l

I have created this e-petition to reward those that pay and continue to pay up on their income tax for long periods of time. The e-petition only needs to hit 100,000 signatures before it has to be discussed in parliment. Here is the body of the petition, if you agree then please sign and throw it on your facebook/twitter ect and lets get this thing viral. It is about time us hard working tax payers were given something back.

Allow a once per lifetime Income Tax Holiday

Responsible department: Her Majesty's Treasury
Create an income tax holiday of 12 months for all of those individuals who have paid income tax for at least 10 consecutive years, without claiming Job Seekers allowance for more than 12 months of that period. This benefit should be up to a maximum of £20,000 - enough for a house deposit on an average priced house in the UK. This will be a welcome boost to the economy through more disposable income being available in household finances. This will also give those an opportunity to save a house deposit rather than putting a strain on government housing schemes and reward those that have consistently contributed to the state without relying on public handouts. This benefit should only be available once in a tax payers lifetime and can be taken at any time after the qualification criteria has been met.

http://epetitions.direct.gov.uk/petitions/9980

00ec25

if someone has to wait 10 years and then rely on a tax "holiday" before they have enough for a house depost then they have chosen the wrong job/career

michael1983l

00ec25 wrote: »

if someone has to wait 10 years and then rely on a tax "holiday" before they have enough for a house depost then they have chosen the wrong job/career

The average age for first time buyers at the moment is 30+ I believe.

AirlieBird

Which tax do you propose goes up to replace the lost revenue for the Government, or which hospitals and schools do you propose closing?

Ludicrous idea. :mad:

Gas_Powered_Toothbrush

michael1983l wrote: »

The e-petition only needs to hit 100,000 signatures before it has to be discussed in parliment.

"Motion #69: Some fud on the internet thinks we should let people have a year of not paying tax. All those in favour of ignoring the nutbar?"
*motion passes unanimously*

michael1983l wrote: »

Here is the body of the petition, if you agree then please sign and throw it on your facebook/twitter ect and lets get this thing viral.

And like most viruses, I'd quite like it to be eradicated.

michael1983l wrote: »

It is about time us hard working tax payers were given something back.

The education you got (and squandered, judging by this drivel)? The roads you drive on? The emergency services that keep you safe / alive / not on fire? All the public services that you probably take for granted? Paid for by taxation. You're already getting something back, you utter buffoon.

This may be the stupidest idea ever, and I live in a town that deep-fries Mars bars, so I know stupid when I see it. Might I suggest also submitting a petition to Asda that you should get a year's free groceries as a reward for shopping there for 10 years?

John_Pierpoint

It is not a completely daft idea.

Some government funded workers in some jurisdictions get "sabbaticals"
in effect a year's paid holiday, an opportunity to recharge batteries and follow up other interests.

I wonder where the government gets its money?
It raises it from tax payers or it prints it!

Sauce for the goose is sauce for the gander?

It will never happen.
It took a riot to try to convince HMRC that people could be let off 11 days of tax, the eventual compromise was to give the tax payer and extra 11 days to pay for the super leap year; that is why the last day of the tax year is still the unadjusted Medieval Lady Day.

Just be thankful you don't pay a surcharge of 1/365th every four years.

http://www.thefreedictionary.com/sabbatical+leave

http://www.adsb.co.uk/date_and_time/calendar_reform_1752/

FTBFun

Well this rules me out. Fortunately I only had to work for 5.5 years to save up for a deposit as I was spending my time doing something other than coming up with pointless petitions.