Whilst I agree that the aim of being able to earn £10,000 without any tax deduction as this will encourage people to work, the benefit seems to be diluted as National Insurance will still be due on salaries above about £7,000 (can't remember the exact figure) - surely it would be best to align the NIC and Tax threshold and then gradually increase both together to get them up to £10K?
Far easier to say to people that no tax or NI will be taken if you only earn up to £10K.
Better still merge tax and NIC into one tax - that would be bold.
Far easier to say to people that no tax or NI will be taken if you only earn up to £10K.
Better still merge tax and NIC into one tax - that would be bold.
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