Rethinking Taxation - An Introduction to Hourly Averaging
Автор:Douglas Bamford Год: 2014 Издание:Книга по Требованию Страниц: 214 ISBN: 9781907720918 This book presents a new proposal for calculating personal taxation, hourly averaging. This works by taking account of the number of hours people have worked in their adult lives. Doing so enables the tax system to directly reward those who work longer for their income, and can also be used to provide a highly targeted earning subsidy. Taking account of the hours that people have worked when calculating tax and benefits ensures that these do not create the disincentive to work that is usually associated with such programmes. By building incentives to work into the system it should be possible to tax the most economically fortunate members of society at the higher rates and provide more assistance to low earners, without causing the economic damage usually associated with such policies. Hourly averaging can be applied on a whole adult lifetime basis. This further reduces the economic disincentives of taxation and benefit payments, and makes it more accurate in determining the most...
