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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@9NMXQT710mos10MO
More should be done to tax those how take their money off shore and target companies who avoid tax like Amazon, Starbucks, etc
@9MQPKNV10mos10MO
Yes the higher earners should be taxed more and the loop hole for corporations and very high earners to be removed
@9M4C6JV11mos11MO
Lower PAYE tax rates and increase taxes on the truly rich via capital gains tax and closing the non dom loophole
@9CLZC4R2yrs2Y
Reflect what rich actually mesns
Increasing taxes on the rich creates loopholes for the wealthy to abuse and consequently, the so called working and middle class suffer. Taxes should be proportionate to ensure people can enjoy an affordable standard of living.
Also definitions of what rich, working and middle classes need to be examined because for the latter, middle class assumes a level of wealth but in reality these groups are struggling to take care of their bills
@8W5F5FSLiberal Democrat4yrs4Y
It would make sense to raise taxes for the rich, but I think it is more efficient to lower taxes for the poor.
@8SMJMJQ4yrs4Y
Increase inheritance taxes and remove loopholes to avoid them
@8SK8RKK4yrs4Y
Introduce new bracket for hyper wealthy
@8QLD3B64yrs4Y
Reform the tax system, increase tax on the rich and lower tax on the poor
@8PQFM9L4yrs4Y
raise taxes to the very highest percentage of rich people
@8PPYHT24yrs4Y
only on the people who are earning 1 million + per year with taxes
@9BVLG2V2yrs2Y
No, but l also lower taxes for the working class
@98SWFV2Conservative2yrs2Y
Needs to be fully reformed with using “Salus” project
@986JQWS2yrs2Y
When referring to rich this should simply affect people with an income of over 2-5 million per year, taxing the very rich won't make a massive difference to them where as the rich that fall into upper middle class it seems less fair to put them under the same laws.
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