Delivered

Cut income tax for elite earners

Issued by the voters of Northsea on Sept. 1, 2023.

Forty-two percent—that’s what our top earners are paying in income tax while the rest of the world asks for just 37%. We don’t want to punish success; we want fair competition, not envy politics that drives investment overseas. That’s why we’re demanding it cut back to 35%, so our wealth creators stay here and keep building the economy instead of fleeing to places that value their risk-taking.

The numbers behind the demand

Previous
42%
Tax rate when demanded
Right now
35%
Current tax rate — delivered
What voters want
≤ 35%
Cut the rate to no higher than 35%
🎉 Delivered on Dec. 11, 2023 via the budget that passed.
Next election on 16 November 2025 (in 11 months).

Pledges (1)

The Northsea Rally pledged Sept. 18, 2023
Delivered

“We need to have massive structural reforms in Northsea. One of our propositions is to give young people the possibility to request extra paid hours to their company, exonerated from additional taxes. We lower taxes equally on everyone (down to 30% for elite earners for example), and restore budget balance by lower current pensions and replacing that money with the pension by capitalisation using the extra hours that young workers requested.”

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