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@ISIDEWITHQuestionseconomyStarted 12yrs agoActive 1wk ago

Should the government raise taxes on the rich?

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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538 Replies

 @9BFD47Zanswered…2yrs2Y

Yes, raise taxes on the rich but lower taxes for the poor

 @9QG96KKanswered…9mos9MO

Everyone should pay tax fairly. Middle income earners who work hard should not be punished and tax should be lower as they tend to work harder. Millionaires/billionaires should pay a rich tax to support local communities.

 @9Q6HQMXGreenanswered…9mos9MO

Everyone should pay a percentage of their earnings so the poor would therefore pay less and the rich more

 @9MQRRB2answered…10mos10MO

Raise Tax for the rich and lower income tax rate for lower earners and remove all existing loopholes.

 @95ZR8XLanswered…3yrs3Y

Tax the mega-rich more

 @94JTH8Danswered…3yrs3Y

Abolish all taxes in favour of a single Land Value Tax

 @8ZDK9KRanswered…3yrs3Y

Tax brackets should be removed and it should be a gradual increase so when you earn more you pay more but overall you still earn more so there’s no earning 5000 but getting less money then those on 49000 because of this tax bracket. Also remove the loop holes for tax aviation on big companies

 @8ZDK4J2answered…3yrs3Y

Nobody should pay taxes, governments are stinky

 @8PWWRJPanswered…4yrs4Y

Everyone is charged the same tax and we have a tax restructure of what our taxes go to

 @8HDRXRCanswered…4yrs4Y

Yes, increase NI, income and council tax for the rich but abolish inheritance tax for everyone

 @9BT8K2Wanswered…2yrs2Y

Tax the super rich and large corporations

 @97P68PSanswered…2yrs2Y

Depends on the income/ how rich they are e.g. top 5%

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