@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 3wks ago

Should the government raise taxes on the rich?

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.

Answer Overview

Response rates from 2.4m UK voters.

68%
Yes
31%
No
60%
Yes
23%
No
7%
Lower the income tax rate and remove all existing tax loopholes for large corporations
5%
No, but lower taxes for the poor
1%
Yes, and raise taxes on all income brackets
2%
No, keep the current tax structure
1%
Reform to a flat tax

Historical Support

Trend of support over time for each answer from 2.4m UK voters.

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Historical Importance

Trend of how important this issue is for 2.4m UK voters.

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Other Popular Answers

Unique answers from UK voters whose views went beyond the provided options.

 @9H4FS33 answered…11mos11MO

Add a tax bracket for ultra high net worth individuals to be taxed at a higher rate on income above £500k and remove all existing tax loopholes for large corporations

 @9D5THDVanswered…1yr1Y

Lower the income tax rate for all earners

 @8WF3V9Ganswered…3yrs3Y

Yes, however we need to define what "rich" is. Currently definition still hits the middle-class disproportionately.

 @9GVLBNCanswered…12mos12MO

Lower the income tax rate for low earners, increase it for high earners, remove tax loopholes for large corporations.

 @9BFD47Zanswered…2yrs2Y

Yes, raise taxes on the rich but lower taxes for the poor

 @9GCH9FSanswered…1yr1Y

No, but reduce loopholes and punish those who pay tax through shell businesses by fining them handsomly and giving jail time.

 @9MTZ6J4answered…5mos5MO

Lower the income tax for people earning more than 50,000-Should be 30% not 40%. Make the 40% when someone earns 150,000

 @9GWH4KBanswered…12mos12MO

Yes, and remove all apparent ways to get around it as well as hire someone to check for fraud and unseen/obscure loopholes.

Latest News

Stay up-to-date on the most recent “Taxes” news articles, updated frequently.

 @ISIDEWITH submitted…3mos3MO

War crime tourists pay $3,000 to see Ukraine’s horror

War Tours, pays a wage to its tour guides – who are refugees themselves – and regularly donates funds to the war effort. But some of his competitors appear to be raking in the cash: one week-long “war tour” package reportedly offered to tourists comes with a £3,000 price tag. Clients are from the US, Britain or “small European countries”, he says, and interest in tours has risen this summer. “I think they deserve to see what’s happening here because their governments support Ukraine, and they pay for that with their taxes,” he says, adding “people have a right to know how their money is spent.” It would seem that the Ukrainian government is also keen to attract visitors. In March, the country announced a campaign to attract tourists, saying it had the infrastructure and hotels to welcome foreign travellers, albeit when the war was over. “Any money that people will spend in Ukraine will help the economy to recover,” said tourism boss Mariana Oleskiv. More than 70,000 people visited the disaster-ravaged area in 2021, with numbers peaking at almost 125,000 in 2019, three years before the war broke out.“People are interested in seeing Bucha because it’s evidence of Russian aggression in their own eyes, rather than just through the media,” he explains. But “they also wanted to see destroyed Russian vehicles, and the different kinds of drones used by both sides, as well as the famous exhibitions in Kyiv”.

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