Should the top tax rate of income over £150,000 be raised to 50 percent?

Yes, but raise it to 70%

Tax the ultra rich more. We all must have something achievable to strive for without being penalised for our efforts.

No, this is too excessive and dissuades ambition, however they should still be taxed in a high bracket.

no. But it is disgraceful that 40% tax starts at 50k. It should be much higher than this, i.e 90k-100k.

No, the top income should be raised, and tax needs reform because between 100,000 and 125,000 people are paying tax at 60%.

This will encourage top earners to emigrate. £150,000 is not huge these days. Concentrate on the people and businesses that make millions

Yes but raise it even higher

Eliminate tax loopholes.

No, there should be more tax brackets

Reform to flat tax rate

No one should be taxed over 49% of their earnings. Tax loopholes should be closed and those who can afford it should pay more.

The £150,000 is too low, a lot of people who are not hugely wealthy fall into this bracket.
Those over the £500,000 level can afford a raft of advisors to minimise / optimise their taxes, that's where the loopholes need plugging. Rishi rather stupidly alerted the entire country to his own rather naive stance on basic tax avoidance. Allegedly.

No, 50% would not work. People making that much would feel as if they are being robbed and would fight against that so i feel as if the highest should be 45%.

I agree that to help the poor, you have to somewhat take from the wealthy however, the government aren't necessarily using tax money to do this.

It should go to 100% at some level. I think 150k is too low for 100%, but 50% should not be the end of the progressive tax system

We should reform the tax brackets in line with modern living wage and put a focus on taxing the very rich including assets and capitol income tax

Yes, only up to 38% (minimum) and pay the taxes from the rich to fund education, the NHS (healthcare sectors), infrastructure, and other important areas.

I think high individual earners should not be taxed excessively, however corporations should be taxed more based on the profit and size of the business which would affect less people and help the country as a whole.

Definitely not, incentivise lower taxes bra ckets over 40+ hour weeks so those who work longer take more of their own money home.

if that tax money is being put into things which are helping the environment and society then yes if they’re putting that money towards things like war then no

Yes, but also lower taxes on the poor, eliminate tax loopholes and punish tax evaders more harshly.

150,000 earners are already paying 50% tax (if you consider health, council tax and etc etc). Instead target the rich who earns in millions, people in that bracket of 200,000 and more

I think the baseline should be raised first because income over £150K doesn't mean the same it used to and people should be allowed to aquire real wealth before being taxed more.

(a perspective I enjoyed) 40% to 45% for income at this level but higher again if incomes exceed £250, 000 and lower tax rates for low income and especially one income households/one parent families.

Remove loopholes for large corporations and lower overall income tax rate but also separate out high income tax I.e. People on 500k should be taxed more than those on 150k.

I think there should be more tiers in taxation. having the “top earners” as £150,000 is ridiculous since someone earning that amount is going to be affected a lot more by income tax than someone earning £300,000+

Yes, and tax loopholes should be removed for those on non PAYE structures, businesses need to be made more accountable for paying tax

Tax rates should be honestly proportional and taxes for the lowest income should be lowered accordingly. I.e. 25% of your gross income is taxed. No loopholes. Flat across the board. You make £10,000 pa you're taxed £2,500. You make £10m, you're taxed £2.5m.

Corporate taxes should be similar.

Most importantly the public should feel the benefit of what we pay. We have laws that state a payomg customer gets what they pay for. Taxes should be no different.

Yes, and also cap on how much people can invest or save in overseas bank accounts and crack down on tax evasion of the high earners and big corporations

Yes for 50% over 150k, but the porblem is that the elite don't pay taxes and I dont't know how they keep escaping this. From people through to companies...

I think the threshold of £150,000 needs to be raised. For example, anyone earning over £250,000 should have their tax raised to 50%

on £15000 there should be a 100% tax. ie a cap to personal income. With funds being diverted to the some of the larger issues facing the country such as establishing renewable energies, rebuilding the dream that was the NHS.

Add more tax brackets and have higher rates for the very highest earners but don't increase rates for low earners, and by little for middling earners

No, increase the basic band of 20% to up to £45k (currently up to 37.5k), reduce the higher rate (up to 150k) to 35%, make the additional rate of above 150k 40% (currently 45%), and cap it at up to 500k, then put a 60% on any earnings at 500k-1m, a 70% on any earnings over £1m, and an 80% on any earnings over £5m

I think tax should increase in phases so that if people earn £250k they're taxed x amount, £500k x amount etc

No, but it should go up slight, and there should be another tax bracket above this one where tax is 50%, or higher such as 25000 or 5000

50% is too much. Half your hard work taken before you can pay you can enjoy anything is robbery. Reduce to 36%.

Cost of living is increasing, they should change the tax brackets and bands, lowering the tax percentages for lower salaries and increase tax on higher incomes which should be set higher

No but add additional tax bands for earnings beyond the £150,000 mark, so the super rich pay larger chunks of tax.

Most ultra wealthy do not generate wealth through income so this if less effective. Strategy should focus on ultra wealthy individuals and large corporations

No, the government should introduce more tax brackets that are more fair and tax 50% from those that earn more than 500K

No, although 150k per annum seems like a large salary for those of us with much much less, I believe that a 50% tax bracket would be much more effective and fairer for those with much higher incomes, possibly 500k p.a
I think there are sufficient people with very very large incomes and it would be much fairer and more effective to tax them more highly

No, but it should gradually increase higher for earners over £5000 And eliminate tax loopholes for top earners

Raise tax to 47.5% for people earning over £200,000 (helping the community tax). Any money being transferred off shore subject to a 70% tax with strict criteria. Prevent the paradise papers people benefiting

Implement a sliding income tax with a much higher personal allowance, and start going up to like 40% total income tax for earners over like 200k

It has been proven time over that higher taxation reduces overall tax income. It is a very complicated subject.

Yes but that means the money should not go into the mp’s pockets - it should be invested back into the healthcare and wellbeing of the nations people. Meaning the nhs has more money and can be a much quicker and better service, overall prices are cheaper

no but there should be a constant 15% of tax but if you earn over 150k you should be taxed a wealth tax however it wouldnt be as extreme, it would be an extra 10% which would result in 25% tax, but if you earn over 1 million it increases to 35%

large corporations should be taxed and public services and government backed initiatives should have capped bonuses like bankers

No, 40% is more than enough. People are trying to do their best and it is being taken from them to pay for people who can't be bothered

Top rate of tax should on incomes far higher than £150,000 but yes, it should be increased on those top earners and big businesses

Top earners should be taxed more, with tax loopholes eliminated. (I'd go as far to say there should be more tax rates above the current higher tax rate where anyone earning over £200,000 should be taxed say 55%, and over £500,000 should be taxed anywhere from 70% to 80%)
ISA's are not loopholes and should remain at their current levels.

The top rate of tax should raised, perhaps not quite as high as 50% though All tax loopholes for top earner should be eliminated

Remove all loopholes Cap C suite earnings make dividend payouts and bonuses Refundable for public service companies if outcomes are negative to the general public such as water companies. Make CEOs and senior directors accountable once again.

Make 50% apply at a higher amount, say £200k but this isn’t the problem it’s the extremely wealthy who can find those loopholes

Once earning over £2000`000 then 50% tax should be applied. I would sooner see larger corporations pay their way fairly!

Yes, but we must also consider taxes on assets

Raise it to 60 percent

Eliminate tax loopholes first. Then if necessary raise taxes.

No, but there should be a higher threshold wealth tax of 1% per annum on individual wealth above £500,000

I think it’s a mix. Work harder at loopholes. It seems the more monney you have the more able you are to avoid tax so work on the loopholes and raise the tax marginally but I think £200 is a better level

Increase tax to 40% for those who individually earn over £150,000 annually. Does not effect nor include entire household, just the individual.

This depends on the house hold. If it’s one earner why would you do this? Peanalises single parent families that work hard!!

I feel that tax thresholds at the lower income end should be raised. The lower earners and middle income families are the ones who suffer and struggles with current rates. Those who earn in excess of 80,000 should pay the 40% income tax

Should be higher tax on much higher earners and on what the wealthy buy. Someone earning 150k still struggles to pay a mortgage but they pay the same rate as a millionaire.

There should be additional taxes on disproportionate/extortionate wealth, sat over 5-10mil in assets.

top tax rate of income should be increased, millionaires and billionaires should be personally taxed to a much higher degree.

There should be a higher tax bracket for even higher earners as £150,000 as the issue lies with people earning millions in a year being taxed the same as someone earning £150,000

There should be a wealth tax. If you earn 50 million a year do you need more? 100% tax after a certain level

I think we need to Look at taxes for wealthy but make sure we still have people who want to build business in the uk

We should not have tax just like Dubai. Dubai runs better than the uk and they don’t make people pay tax and in the uk they make us pay tax but still isn’t run properly.

I think it should be for even higher earners. Increase the tax for those making double that. Tax corporations, tax billionaires.

If the higher you earn the higher you’re taxed, people will not want to progress in their careers. The more they earn the more disposable income they’ll have to put back into the Uk

This can't be considered outside a comprehensive review and assessment of a more redistributive tax system

those who earn 150k are able to work hard for what they earn, those who earn over a higher threshold eg. 500-750k should be taxed more than those who earn 150k as there is a drastic difference in income

Raise to 50% over £200,000 however consider small businesses who have to pay sub contractors / employees

No - families were one person earns the money are disadvantaged considerably against a 2 working persons who earn £90k each

Propel should not be punished for being sucessfull removing 50% of someone's hard hard work over several years to get where they have got is a punishment and we will loose incentive to chase high earning careers

Potentially but it should also go off of household income and not only 1 person as you could then have someone earning 149,000 and get taxed less even in household income is more

No, a more nuanced taxation system should be implemented which accounts for both work income, and income from assets. This should asymptote towards ~ 70% at the extremely high wealth range (> 5 million per year)

create a new top tax bracket of billionaires and charge them more. they’re the one’s who should be taxed more

Yes but the £150,000 allowance should be individual and transferable between married and civil partners raising the limit to £300,000 for households

50% tax rate should be applied to in income over £200,000. Perhaps a 42% tax rate for income between £150,000 and £200,000

Everyone’s salary’s should be higher, no one should be taxed at 50%, tax loop holes need to be abolished

No, it should be 50% at £500,000 and go down by 1% every £10,000. So £100,000 would only be 10%. It should also go up that way, but slower, so 1% every £20,000 added on etc etc.

There should be progressive taxation to increase the take from the very rich and remove tax evasion/avoidance schemes

No, but considering there is a huge difference between those earning billions and those earning £150,000, we should have tax rates closer to 100% for those who have already amassed huge wealth. We need to stop pretending that there is no cost to society for accumulation of wealth in a few individuals and tax it as such. Those earning £150,000 should have higher taxes than those on lower income certainly but the millionaires and billionaires should be treated differently again as they are the ones doing the most harm as they cannot invest the same proportion of their wealth back into the economy the way numerous top tax rate earners with substantially lower incomes would.

There should be more Tax brackets for different earners. But certainly the more you earn the more you should pay. And we definitely need to eliminate loopholes!

Yes but put in more tax rates for the super rich not 50% £150,000 but more breaks up to 75% for £1000 a year

£150k is a lot, but it is not unheard of. Significant tax rates should instead apply to the ultra wealthy to effectively create a wealth cap and ensure trickle down economics actually has a chance to benefit all.

increase the capital gains tax threshold to a meaningful amount (20kpa?) and then tax capital at the same rate as income

Tax is such a joke that its essentially a reduction in earnings for those not rich enough to pay someone to tell them how to avoid it.

Yes, but abolish the personal allowance taper between £100k and £125k too and set the 50% rate from £100k

Yes, with an overall wealth cap and closing. Of tax loopholes and lowering of lower income tax rates

Yes, but all income tax thresholds should increase, and more focus should be put on inherited trusts and assets over £2m

No, there should be more tax brackets overall. So high earners are taxed a higher percentage but not so much as 50% of their income

No, increase tax for those with income over 1 million, and eliminate tax loopholes, or just abolish income tax

this is a tough one because honestly i would like there to be a "REINVESTMENT CLAUS" in taxation (maybe their is one)

a company must create jobs and expand in order to qualify for a tax deduction this should also be thought out and taught in schools .

also PAYEE needs to go TAXATIOn shouldn't be done by your employer but taught and done by indviduals

responcbility can be monitored if you start using CBDCs anyway
i mean wny not have prices for the individual instead of across the board

i don't want to pay the inflated prices of tourism

We need to look at ways to tax wealth. Income tax is to high and provides a glass ceiling for those from low socioeconomic backgrounds