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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@98B7QJK2yrs2Y
No, if people work hard and have good jobs they shouldn't be punished, this puts them off investing in the UK and spending to benefit our economy
@8ZFLG483yrs3Y
raise tax on rich and remove all existing tax loopholes for large corporations
@9T943GN7mos7MO
Look at meeting HMRC tax revenue targets, higher tax rates can result in less revenue as higher taxpayers leave the country or set up businesses elsewhere.
@9QB547K9mos9MO
Yes. But tax the richest in society. Tax Amazon, Google and the top 5% wealthiest. Do not tax the sucessful hard working middle class top income tax payers as they are sn easy target.
@9Q6RR8F9mos9MO
More graduated steps increasing tax rates starting at a higher threshold and a higher top rate band.
@9Q45RDZ 9mos9MO
Tax policies are not encouraging high network individuals and companies to invest further in growth sectors eg tech startups. We need the wealthy to feel taking risks by creating jobs here, has a chance to make them richer
@9Q3W5BK9mos9MO
Lower income tax on all except the 1%, increase sales tax and remove all loopholes for large corporations
The term rich is too broad, taxing companies and corporations who do not pay tax in this country should be the priority
@9Q3HXVW9mos9MO
History tells that if you tax the rich they take their wealth and move elsewhere. This is counter productive
@9PYY4BW 9mos9MO
There should be a set percentage of earnings taxed, no matter how much you earn. For example, the whole population gets taxed __% each month.
@9PJX2839mos9MO
Reduce tax for key workers such as NHs, teachers and Military in order to create an incentive and retention in these areas
@9PCVBYX10mos10MO
Restructure tax brackets. Add more- a lower income one and a higher one. Ensure large corps pay their tax
@9P3JW5S10mos10MO
Deploy a low rate tax system to encourage business and high wealth individuals to this country whilst deploying strict immigration laws to ensure we only drive growth and lower dependency
@9P2CQ2210mos10MO
Should work to ensure everyone pays accurate tax. It's not the rich but the super rich who are able to move money and pay a lower share of tax
@9NQ4WBQConservative10mos10MO
Return to increasing the tax free threshold and increase tax on the real rich, i.e. those who earn over 100k a year, not those that earn over 45,k
@9NMZ88P10mos10MO
Should raise taxes for the extremely rich but not the people who are just over the highest tax braket
@9NL828Q10mos10MO
Increase the tax-free boundary, raise the 40% tax rate and 50% tax rate accordingly. Average salaries are going up so the tax rates should be raised accordingly.
@9N99GK810mos10MO
Yes- Stop increasing tax for working class people, tax the rich more and have stricter regulations on those who receive benefits
@9N8LPD610mos10MO
Increase the high earners tax rate to £150,000, but then tax people making over £10million a higher tax rate
@9N64K2V10mos10MO
The current tax structure is ok, but something needs to be done about capital gains tax. The current structure is favourable to ultra high net wealth individuals, with the average Joe being the main target. Also increase the personal allowance.
@9KLK3YZ1yr1Y
Income tax is already high enough and should be reduced or remain the same- larger businesses should be taxed more and reduce loopholes.
@9K5C3XHConservative1yr1Y
No because people get payed more for benefits then working so taxes should be lowered so people work instead
@9DSC3BN2yrs2Y
Tax brackets should stay the same but current tax loopholes should be removed so that corporations cannot avoid paying tax
@9DSC38J2yrs2Y
Tax bracket should remain the same but remove tax loopholes
@9273J2M3yrs3Y
Yes, and introduce additional tax brackets under £60k income
Should be a set percentage tax for everyone
@8XD6HP4Liberal Democrat3yrs3Y
Raise taxes on the rich but lower for Lower-middle and working classes
Only raise on super rich, and corporate companies, inbound China freight. Not even the 40% higher tax payer, single house provider with a child that is going to become an accidental landlord due to circumstance change and be taxed to high hell with threat of CGT as well 40% working tax.+ Income tax, mega stamp duty to come in the future of want to buy another property to live in.
@9PRT8FK9mos9MO
We should: reduce NI. Increase unearned income rates. Reduce the number of ways of tax avoidance Increase financial penalties on tax evasion including seizing spousal assets
@9P6LYBDConservative10mos10MO
Raise income tax: £150k earners 60% £100k earners 50% £ 60k earners 40% Below £60k 20% Below £15k 0% Therefore if you earn over £150k you will pay ^0% on what is over £150, 50% on anything over £100k but below £150 etc etc
@9P5Q8SF10mos10MO
The poor should pay less tax and the rich should pay more. Poor people deserve to be able to afford nice house and things
@9H7HFH31yr1Y
Tax should be based on income but those not paying tax due to laziness should not benefit from healthcare etc
@9G2KVD31yr1Y
Remove all existing tax loopholes for large corporation, slightly high taxes for the 150 thousand earners , lower it for under 55 thousand .
@9CDC6L52yrs2Y
Another scale should be added, with those earning over a large number including bonuses being taxed more and loopholes for avoiding tax for individuals and corporations being removed
@9BR2YJB2yrs2Y
Yes but also lower taxes for the poor and remove existing tax loopholes for large corporations.
@96PPJC72yrs2Y
No just criminalise nay tax avoidance and tax evasion for the rich and corporate companies
@96P22VD2yrs2Y
No tax for the poor and higher taxes for the rich
@96JLHTM2yrs2Y
Proportion it to income to raise maximum for public and social services but it dosent hinder peoples wages
@96DYR4M2yrs2Y
ensure that excess profits are taxed
@95XX82L3yrs3Y
Yes but only too 3% in the country
The percentage of tax paid should be the same for every income and set at a standard rate no more than 15%
Yes, and increase taxes for the super rich whilst lowering taxes for the poorest
@93KCDW43yrs3Y
Yes, more tax brackets, national insurance should be flat rate/progressive NOT regressive, corp tax should be paid on UK profits regardless of corps HQ country
@93B2CK43yrs3Y
@937WTXY3yrs3Y
Yes, remove the tax free band
@9356ZW63yrs3Y
I do not have a sufficient knowledge of the effects of tax and the effect of the alternatives.
@932PFCDLiberal Democrat3yrs3Y
Increase tax on the super rich by taxing income generating assets
@92WTXTY3yrs3Y
It should be raised on high earners so £150,000 plus
@92V8FB93yrs3Y
Remove tax avoidance options.
@92QGJBB3yrs3Y
Only if it’s over a certain amount.
@927437F3yrs3Y
Yes, and increase the number of tax brackets up to £70k income
@925CWK23yrs3Y
All pay the same certain percentage of what your income is, no matter rich or poor
@8ZZN43Z3yrs3Y
Over £150,000 should pay more
@8ZNDWCYLiberal Democrat3yrs3Y
Remove large corporation loopholes and tax the large corporation and earners in relevance with their earnings
@8ZGD7Y43yrs3Y
No taxes what do ever unless enforced by stronger people
@8YZJT8L3yrs3Y
Yes, income tax should be raised for the rich and remove all existing tax loopholes for large corporations
@8YS62W43yrs3Y
Tax should be simpler and adapted to address economic changes
@8YJ6TT93yrs3Y
Increase income tax for top earners, but decrease the maximum rate of inheritance tax
@8YGD8NWConservative3yrs3Y
No, but I support a wealth tax
@8YFKZQK3yrs3Y
Yes, if they can afford it more than others
@8Y26RD53yrs3Y
@8XLWVJ8Conservative3yrs3Y
Yes but only for the hyper-rich
@8XKHTR53yrs3Y
Raise taxes on excessive incomes e.g. < £25000
@8X5THD33yrs3Y
Depends on how wealthy they are, millionaires and up definitely should be taxed more
@8X3TPNQ3yrs3Y
What is rich? Over a 100k it should but below that it's stupid. Government has no place in taking money away from people. And if they should have a transparent income outcome plan to avoid taxes being used to bolster the upper classes and government officials rather than going to important issues
@8WJHD483yrs3Y
Same percentage for all but on every pound earned
@8VRP7QR4yrs4Y
Tax the rich and Abolish the income tax, disallow all deductions and increase the sales tax
@8VH3D6P4yrs4Y
remove tax loopholes for rich and big corporations , raise taxes for rich and large companies , lower tax for poor
@8VGZRBS4yrs4Y
Yes, but only increases for the super rich & introduce a temporary tax bracket for those who have moved social class from their parent income on their first earnings when they enter a new bracket
@8VD8XR54yrs4Y
Yes, massively, and decrease taxes on the working class.
@8TS4VFR4yrs4Y
remove all loopholes, lower income tax rates on lower tax brackets and tax higher tax brackets entirely higher than lower brackets
@8TF7ZBG4yrs4Y
Tax wealth more than income
@8TCQQGH4yrs4Y
No. Close down tax loopholes and crack down on tax evasion
@8T7FWJ74yrs4Y
will cause disincentive and more tax evasion
@8SQSZL64yrs4Y
Taxes based on income. The more income the more tax. But taxes for all
@8SPDZ7K4yrs4Y
Tax the billionaires and politicians and not the rich!
@8SP42CK4yrs4Y
Increase tax slightly for the poorest
@8SNNDWR4yrs4Y
increase the tax bracket: £50k is not a fair threshold to begin paying additional tax, it should be a higher threshold
@8SJHQSTLibertarian4yrs4Y
Movement towards voluntary taxation.
@8S86Y9K4yrs4Y
There needs to be a review of the system and those that avoid tax - individuals as well as companies
@8RYVD5G4yrs4Y
Have a new tax system that is designed to provide a fairer tax system (Lower taxes 'overall' for the poor and higher for the rich.
@8R4XVXY4yrs4Y
No, just add more income brackets for the richer
@8R4NXLZ4yrs4Y
Lower the tax bracket for those earning lower than 100k
@8R3LGPL4yrs4Y
Close tax loopholes and tax havens instead.
@8R22J4L4yrs4Y
Income tax shouldn’t be raised but there should be no loopholes for large corporations
@8PRS92W4yrs4Y
Higher the Rate and Close loopholes for big companies.
everyone should pay the same percent of tax on their salary
@8PQDXC44yrs4Y
No, the tax percentage should be the same for all people
@8PHKBM44yrs4Y
Increase taxes only on those earning above a certain threshold a year >£300k
@8PG5M2T4yrs4Y
Increase income tax for millionaires and up and remove most abused tax loopholes for large corporations; decrease income tax for £100 income and lower
No but remove all tax loopholes and tackle tax evasion
@8P27R4F4yrs4Y
Instead of increasing and decreasing, create more and enforce regulations to make sure rich people are being taxed in the first place instead of increasing tax on middle and poor class
@8NFJPQ94yrs4Y
Keep it the same but make sure the rich pay their taxes and don’t dodge them
@8L3LZ4P4yrs4Y
It should be raised on the top 1%
@8JRPSDB4yrs4Y
Remove tax loopholes, keep current tax
@8DWX53L5yrs5Y
Yes, but re-invent the system. So if you go up a tax bracket you should still be earning more then your last wage.
@9CP22GY2yrs2Y
No, and raise for the serfs
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