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...
This book presents a new proposal for calculating personal taxation, hourly averaging. This works by taking account of the number of hours people have...