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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.
No, more tax brackets should be added
@8SLJW6Z4yrs4Y
Remain at 40%, but 50% to those over £200,000 perhaps and eliminate tax loopholes for top earners as well and increase tax to 2nd home owners
@8SB6FNK4yrs4Y
This is irrelevant to me right now as I don’t know
@99SXJK22yrs2Y
Reduce top earners tax to 35%
@98BWLQH2yrs2Y
Raise the top rate of income tax to at least 55%
@8SGV5J84yrs4Y
The Increase in income tax for all groups except those on on the lowest bracket would need to take account of the lost revenue given you’ve abolished indirect taxes like VAT and increased across the board according.
@9757N7T2yrs2Y
not as much as 50% but still a lot
@96R9RQH2yrs2Y
50% tax rate threshold should be higher than £150,000
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