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.
Statistics are shown for this demographic
Parish
Response rates from 3.6k EC2 7 voters.
64% Yes |
35% No |
55% Yes |
26% No |
8% 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 |
Trend of support over time for each answer from 3.6k EC2 7 voters.
Loading data...
Loading chart...
Trend of how important this issue is for 3.6k EC2 7 voters.
Loading data...
Loading chart...
Unique answers from EC2 7 voters whose views went beyond the provided options.
@9H4FS33 1yr1Y
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
@9D5THDV1yr1Y
Lower the income tax rate for all earners
@8WF3V9G3yrs3Y
Yes, however we need to define what "rich" is. Currently definition still hits the middle-class disproportionately.
@9GVLBNC1yr1Y
Lower the income tax rate for low earners, increase it for high earners, remove tax loopholes for large corporations.
@9BFD47Z2yrs2Y
Yes, raise taxes on the rich but lower taxes for the poor
@9GCH9FS1yr1Y
No, but reduce loopholes and punish those who pay tax through shell businesses by fining them handsomly and giving jail time.
@9MTZ6J47mos7MO
Lower the income tax for people earning more than 50,000-Should be 30% not 40%. Make the 40% when someone earns 150,000
@9GWH4KB1yr1Y
Yes, and remove all apparent ways to get around it as well as hire someone to check for fraud and unseen/obscure loopholes.
Stay up-to-date on the most recent “Taxes” news articles, updated frequently.
Join in on the most popular conversations.
