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 4.6k Burnham voters.
64% Yes |
35% No |
57% Yes |
27% No |
7% Lower the income tax rate and remove all existing tax loopholes for large corporations |
6% 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 4.6k Burnham voters.
Loading data...
Loading chart...
Trend of how important this issue is for 4.6k Burnham voters.
Loading data...
Loading chart...
Unique answers from Burnham 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.
@9MTZ6J46mos6MO
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.
