Here's what I think, FWIW:
- The first £10000 of everyone's earnings are tax free
- There is only one income tax rate: 20%
- Everyone pays 20% tax on all income above £10000
- Personal allowances, tax credits, child benefits, etc. are abolished
- Employers National Insurance contributions are abolished
- Eligible people pay 10% National Insurance contributions on all earnings above £10000 (waived if you make your own healthcare and pension arrangements)
- With the exception of children under 16, pregnant women and OAPs, everyone pays a nominal sum (say, £10, for every visit to the GP, A&E, outpatient visit and weekly hospital stay).
- Prescription charges reduced to £5 per item (free for children, pregnant women and OAPs)
- Only people paying National Insurance contributions (and dependents resident in the UK) are entitled to treatment on the NHS
- Lifestyle treatments on the NHS are abolished (cosmetic, IVF, gastric band surgery, gender reassignment, etc.)
- Retirement age raised to 70 for men and women
- VAT cut to 10% and applied to everything
- Additional taxes on fuel, tobacco, alcohol, etc., abolished
- Council Tax abolished and replaced with a local income tax levied at 5% (on all earnings above £10000)
Tax doesn't have to be taxing.
