what are the advantage of incraesing the income tax in uk? or why they increas it?
There is no income tax. :)
One of the advantages would be that the lower the income tax rate the higher the paycheck for the employee, therefore reducing the need for pay increases.
Income tax helps to provide the infrastructure that businesses need to survive. They pay for necessities such as roads and utility services.
There are many advantages that are associated with a proportional tax. This tax is neutral and doesn't change with income. In addition, it is easy to calculate the amount that is owed each year.
None. If anything, it is disadvantgeous
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No state income tax and excellent and plentiful supply of King Crab
If you get married you can file your taxes separately. You may lose or gain some tax advantages.
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
The advantages of the Prudential 401k investment plans are simplistic, the investment is tax deferred, they can reduce your taxable income by being allocated pre paid tax dollars.
Income tax IS based on your income that is why it is called INCOME tax.
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.