TAXATION:
Reducing
the Tax
Burden
Bermudians have paid far
more taxes than necessary
under the PLP Government,
and had less money left over
for themselves.
Annual payroll tax revenue
has shot up from $150
mi l lion in 1998 to $270
million in 2006, an increase
of 80 percent. Land tax has
doubled, from $26 million to $52
million, during the same period.
Although many of our countrymen
can shoulder the tax increases,
many low-income earners are
falling behind.
The next United Bermuda Party
government will help ease the
burden on struggling Bermudians
by putting more money in their
hands. We will begin by:
- • Eliminating the payroll tax
for any person earning
$42,000 or less.
