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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@9DZKXLRConservative2yrs2Y
Tax brackets should take in consideration your outgoings every month. no of kids ect
@9HSY3GK1yr1Y
The super rich (those earning £500kpa) should be tax more. Current tax bandings are ok for those under this.
@9FLMN7G2yrs2Y
Increase taxes on wealth and reduce on income
@94JPB6W3yrs3Y
on bigger companys then more fortunate people to help the less
@93T3S46Conservative3yrs3Y
Lower income tax for all but add a sales tax on all imported goods, particularly from low waged countries with questionable employment practices, and add a delivery tax (including those using fast food delivery services) to help keep the high streets alive and disincentive people from leaving their house to buy a takeaway - walking to pick it up at least helps their lifestyle.
@8Z8QDLS3yrs3Y
lower tax on poor people control tax on rich better
@8YWLZQR3yrs3Y
The rich should have a high tax but it should depend on the source of income and whether they do good with there money
@8YJTBGX3yrs3Y
higher tax on companies such as amazon and Facebook
@8YCJMJV3yrs3Y
Tax the super rich and stop corporate loopholes
@8SL8C534yrs4Y
Only if we have to to provide for schools and the nhs
@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.
@8Q8PY2S4yrs4Y
No, tax is already higher for the rich, focus on removing loopholes
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