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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@9N9Z6JP10mos10MO
Fairer taxation across all brackets with tax increases allocated to specific items; Healthcare, Education
@8YVLB363yrs3Y
Yes but only if debt is high, otherwise lower all taxes.
@8W5D6NC4yrs4Y
By taxing the rich people mainly mean taxing large companies, by doing so product prices will increase and people will complain again, a new system altogether needs to be made.
@8THTMJKConservative4yrs4Y
The increase in the tax brackets/salary should be smaller as oppose to having a wide gap for those earning between £50-15000 being taxed the same percentage
@8RV2MMJ4yrs4Y
Yes, via closing of Tax Loopholes to ensure that the rich and wealthy pay their fair share and cannot commit Tax avoidance.
Increase tax rate on rich and remove all existing tax loopholes for large corporations.
@8Q4LQHV4yrs4Y
Yes but it should be the incredibly wealthy not middle class who earn over £50k
@8Q3X5D54yrs4Y
Increase tax rates but only to a set maximum, not with regards to earnings.
@8JNH9YJConservative4yrs4Y
Only for people that are actually rich
@8J2PY6Q4yrs4Y
Raise it on the rich and remove loopholes for large corporations
yes, and income brackets should be adjusted so they are more gradual.
@97K667M2yrs2Y
Remove tax loopholes on rich and increase rich tax when debt is high but when debt is low decrease rich tax.
@97BCBT92yrs2Y
Yes, on billionaires and remove tax avoidance loopholes
@96WWGKF2yrs2Y
Introduce substantial tax on wealth
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