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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@9QPHPCL9mos9MO
The incredibly rich should be taxed more heavily. But not people who have worked incredibly hard for their money and wealth.
@9PLCM2F9mos9MO
Similar to the Scottish structure, I would prefer more staggered bands of tax to not discourage growth when at tax band limits
@m4selino.wConservative10mos10MO
I think there should 2 brackets for finance. The bracket that cannot afford high taxes, and the bracket that can. The former should be salaries up to 25k per annum and they should have a separate tax level. The latter should be salaries above 25k per annum and they should all pay equal tax.
@9PXM27K9mos9MO
Make a sliding scale on tax, so after 12,500 you only pay 7%tax at 18,000 10% and over 20,000 20% and so on, but you shouldn't pay over 40% tax
@8RKCJC64yrs4Y
collect all tax and crack down on avoidance
@8RCYYWB4yrs4Y
add a global government to prevent loopholes
@8RBCZK24yrs4Y
No but they should be asked to give SOME of their money to the poor ( not giving to them in person but to groups) or to help the country
@8NRT8F44yrs4Y
Yes, if they are in the top wage bracket and can afford to pay more tax
@8KJR9CV4yrs4Y
Raise tax for all, and remove loop holes.
Too simple to say just raise tax on the rich. But the richest should be prepared to pay more towards the state, but base it on wealth that is disposable.
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