My Proposal for a New Tax Model

[Ed.]

E = Earnings in Ten Thousands e.g 20000 = 2

Percentage Tax = (-0.004E^2 + 0.1E - 0.105) * 100

So for Earnings of 37400 Tax = roughly 20%

For 150000 = Just under 50.

The model ends when E > 15 as at this point Tax stabilises at 50%.


Thoughts?

[-:Undertaker:-]

Taxation should be put into a flat tax and lowered as much as possible, stealth taxes should be scrapped - and duty such as on fuel and cigarettes should be the same as for every other product. Taxation should be a level playing field - and you should keep at least 65% of your wages, at least.