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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@9Q7BWRY9mos9MO
Whilst I support the idea of higher taxes for the rich, a 50% tax rate could cause people to leave the country. I would support raising basic rate to 22% to fund improvements to public services but the level at which people start paying tax should be raised.
@9G3J6RX1yr1Y
taxes should be controlled depending on the situation. the whole structure needs reform. it isnt about taxing the rich more or the poor less.
@93RQNKP3yrs3Y
No, tackle tax evasion first.
@8SLHBDH4yrs4Y
Increase tax on the highest 1% and close loopholes for large corporations
@8S3JDRM4yrs4Y
Raise taxes on the super rich (e.g. multi-millionaires and billionaires).
@8R7L6FQ4yrs4Y
Have tax based a percentage of the money earned per annum
@8KJSS5W4yrs4Y
Yes, and simplify the tax code so that you pay what the tax code says- no more playing games with hiding money in offshore accounts.
@99N72F22yrs2Y
Minimise tax prevention methods.
@99N4K5M2yrs2Y
Abolish all taxes and the state
@98XLG6L2yrs2Y
A wealth tax should be added rather than income tax
@8TPW69D4yrs4Y
Yes, and increase tax enforcement on the rich.
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