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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@9MWLFZX10mos10MO
Increase all personal tax allowance brackets and close tax loops that allow corporations to avoid paying tax in the UK
@8YN5C8L3yrs3Y
Yes, and lower the taxes on poor people
@8YGB6VVAnimal Welfare3yrs3Y
Remove all tax loop holes for large corporations
@9PQWDD29mos9MO
Keep the current rates but increase the thresholds on low incomes rather than tax and give back via universal credit.
I think tax should be raised for rich and lower the tax rates for poorer people and remove any tax loopholes for large corporations
@9M5DMJMConservative11mos11MO
Lower it for the rich and make it equal. Why should the rich be tarnished for working hard and then help those who dont work as hard?!
@92HK3JSConservative3yrs3Y
no but cut national insurance on people in lower tax brackets
@8SM4QD64yrs4Y
Tax system needs full reform it needs to be much fairer based on income. Increase the income tax to 4 or 5 income groups . Remove vat as this an unfair tax all income groups pay the same. All business trading & making income & profit in the UK must pay full Tax due.
@8S7KV6TConservative4yrs4Y
Tax massive companies which use loopholes in law to not pay tax, it's unfair for them not to pay.
@8QVW5S64yrs4Y
yes, but it depends on if the money if inherited or not.
everyone taxed the same percentage eg 10%
@92WGSP23yrs3Y
The system should be equal and recognisable as equal
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