Should the U.K. raise taxes on the rich?
The top tax rate in the UK is 45%. For the 2022/23 tax year, if you live in England, Wales or Northern Ireland, there are three marginal income tax bands – the 20% basic rate, the 40% higher rate and the 45% additional rate. Marginal bands mean you only pay the specified tax rate on that portion of salary. For example, if your salary puts you in the 40% tax bracket, then you only pay 40% tax on the segment of earnings in that income tax band. For the lower part of your earnings, you’ll still pay the appropriate 20% or 0%. If you live in Scotland, there are five marginal income tax bands – the starter rate of 19%, the 20% basic rate, the 21% intermediate rate, the 41% higher rate and the 46% additional rate.
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@9Q7RNH29mos9MO
Largely reduce the amount of things in day to day life that are taxed, but increase tax on the ultra rich by a small percentage.
@9PLK8DW9mos9MO
Those with wealth above 10m should be taxed heavily. I.e 2% per year to reduce wealth inequality . Capital gains and dividend income should have the same tax as income.
@9NJBW9610mos10MO
Tighten and simplify taxation to close loopholes and push tax burden to corporations and mega rich, but not penalise hard work driving individual success.
Yes, but focussing on capital gains and other types of tax to bring them inline with taxes paid by workers.
@9LDBFKR12mos12MO
Yes, but also remove tax loophole for large corporations, later down the line should be able to reduce tax for lower income families
@9LCFXN6Animal Welfare12mos12MO
Be like old dubai and encourage people to stay here because everyone wants to move out the weather doesnt help but you cant change that so change the way you run things
@9F296X72yrs2Y
lower tax for poor, higher for rich
@9DZKXLRConservative2yrs2Y
Tax brackets should take in consideration your outgoings every month. no of kids ect
@8XD6HP4Liberal Democrat3yrs3Y
Raise taxes on the rich but lower for Lower-middle and working classes
@8FLSS8J5yrs5Y
Yes but only for those who do not work for their income. Taxes should be fined according to ones income but also taking into account other factors (e.g. family maintenance or hours of work etc)
@9MZF95Q10mos10MO
Adjust the current tax brackets to ensure those earning above 250k to 400k are taxed more punitive than those on 150k and so on going up. Ultimately, the tax brackets should allow for luxury lifestyles whilst considering how much above that is necessary for living well. So someone on 150 ends up with less than 100k which makes it very difficult to even buy a home in London today which is rather ridiculous considering the salary.
@9HTKK9V1yr1Y
Remove paying tax for the poor (under £30,000 per annum) and raise taxes for the rich. This will help lift people out of poverty completely.
@9GQQ7YG1yr1Y
Tax is too high for everyone in this country and is crippling peoples lifestyle's. There should be a base rate flat tax of minimal propotions.
@9FJBXR42yrs2Y
Taxes should be payed based on percentage of income
@96KYNHB2yrs2Y
Increase the income tax rate on top earners, and remove loopholes for large corporations
@95ZR8XL3yrs3Y
@95ZFBRG3yrs3Y
Everyone should pay the same rate of tax.
@953JD5R3yrs3Y
Stop tax aviation and raise taxes on the rich
@94JTH8D3yrs3Y
Abolish all taxes in favour of a single Land Value Tax
@93RP4873yrs3Y
only increase tax on much larger incomes
@93P365M3yrs3Y
Yes, but only for those earning over £1m
@8Z2XJQW3yrs3Y
The rich will avoid paying taxes with government support, the rate they are ostensibly supposed to pay is irrelevant.
@8WPX88J3yrs3Y
remove loopholes for large corporations, lower taxes on poor and rise taxes on very wealthy
No but Increase strict regulation for taxes
@8VH3D6P4yrs4Y
remove tax loopholes for rich and big corporations , raise taxes for rich and large companies , lower tax for poor
@8TM93QG4yrs4Y
@8TL779X4yrs4Y
Crack down on rich tax evaders
@8TCRF6L4yrs4Y
Reduce the size of tax brackets and make more brackets
@8T8YRSK4yrs4Y
Only the highest tax bracket should have a %5 increase.
@8SS9TF94yrs4Y
Yes, if the money goes to healthcare funding.
@8SMN5ST4yrs4Y
Yes, but only for the extremely rich earning £200,000 or more.
@8SKFYW94yrs4Y
Tax the people at the top that are billionaires
Yes, but only so long as there are also adequate tax policies to reduce avoidance.
Yes and close tax loopholes, abolish beneficial ownership and other tax efficient practices.
@8SHKVCGPlaid Cymru4yrs4Y
Yes. Raise income tax on high earners and remove all existing tax loopholes for large corporations.
@8SG6MSL4yrs4Y
yes and remove all taxation on households below the national per capita average
@8S7LKHC4yrs4Y
No but close all tax loopholes
@8S2F7SC4yrs4Y
Add a wealth tax and abolish income tax
Add another tax bracket - £150,000 salary shouldn’t be taxed the same as £1 million salary
@8RKDDFN4yrs4Y
The rich people and those in well off areas should pay more tax
@8R4MQ2J4yrs4Y
Make tax proportionate to your post-bills and taxes wage
@8QWF8K44yrs4Y
Lowr tax for people who earn under £40,000 and anything over should be charged more tax. Remove tax loopholes and convict large companies and make them in debt for not paying tax.
@8QBCXTN4yrs4Y
I think the taxs someone pays should be based off how much they earn, richer people pay more and poorer people pay less
@8Q3X5D54yrs4Y
Increase tax rates but only to a set maximum, not with regards to earnings.
Make corporations such as Google pay their full corporation tand leave income tax as it is for individuals.
@8PWJ3YM4yrs4Y
Keep tax as it for most brackets yet raise it for companies and those trying to avoid it through tax havens
@8PWBGF94yrs4Y
No just spend less on military and the like, spending more on community things like youth clubs and creative arts clubs. And obviously education.
@8PTNDQJ4yrs4Y
To have a system where each wage is expected to contribute to particular parts of society, like a pocket for the public services, struggling restaurants and shops, charities, young people in care etc.
Tax everyone the same percent
@8PF25GZ4yrs4Y
Increase tax for very high earning businesses and people that earn more than £120,000 they should reduce tax for £50,000 onwards to about £100,000
@8NQG87S4yrs4Y
Introduce a more tiered system with the highest earners paying a high percentage and remove all tax loopholes and stap large companies from registering their accounts in tax havens
@8NKSJ364yrs4Y
Yes, but ensure that it's only used for specific purposes.
@8M7FX9M4yrs4Y
No if earned Yes if inherited wealth
@8HGMTK24yrs4Y
Yes, but lower the tax for the poor.
@8FFK8R45yrs5Y
Taxes should remain the same but tax loopholes should be removed and large corporations should be audited to make sure they are paying the correct tax
Yes. Taxes on the top 20% should be raised massively, and taxes for all other income brackets should be raised by 2%
@9BJHQX32yrs2Y
No, but it should do extensive work increasing compliance to ensure the closing of ALL tax loopholes and dodging.
@9B7F54H2yrs2Y
Increase rates for the rich, decrease rates for the poor. Increase rates inbetween.
Yes, and reposses all their assets.
Yes, and close all existing loopholes
@9973BPM2yrs2Y
Yes but have more tax brackets so super rich are taxed more
@993DC7H2yrs2Y
Higher taxes on rich and ultra wealthy, remove corporation tax loopholes
@98HLTHN2yrs2Y
The amount of money a person posesses should have no bearing on the amount of tax they must pay
@9865J4R2yrs2Y
Raise taxes on the rich of society, and lower taxes for the poor. The way I see it, people lime Sunak have too much to be taxed a pound less than someone working a day job.
@97P2TV42yrs2Y
Yes, close tax loopholes and incentivise investment instead of excess
@97HR4HJ2yrs2Y
yes, and remove existing tax loopholes for larger corporations
@96SWX4W2yrs2Y
Tax each individual person based on THEIR income
@96R8WKM2yrs2Y
Yes, but the tax should be on total wealth rather than just higher incomes.
@8WNZXXD3yrs3Y
Keep tax the same however remove all loopholes that can be used to avoid tax and increase punishment for avoidance
@8SWG2MJ4yrs4Y
destroy tax and destroy the rich
@8R6WX4W4yrs4Y
No but the tax bracket should change
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