@ISIDEWITHQuestionseconomy11yrs ago

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

The current tax rate for individuals making over £150,001 per year is 38% for dividend income, 45% for saving income and 45% for other income.

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Answer Overview

Response rates from 936 E8 voters.

45%
Yes
55%
No
45%
Yes
37%
No
17%
No, but eliminate tax loopholes for top earners
1%
No, establish a flat rate of tax

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Other Popular Answers

Unique answers from E8 voters whose views went beyond the provided options.

 @8TCBK5Wanswered…4yrs4Y

should be raised to 75%

 @8ZMCGB8answered…3yrs3Y

Yes, but raise it to 70%

 @9WW67X7answered…3mos3MO

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

 @9H5YF5Tanswered…1yr1Y

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

 @9KSHQM3answered…10mos10MO

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

 @9JR4YBQanswered…12mos12MO

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

 @9Q3HXVWanswered…7mos7MO

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

 @93LXWLDanswered…3yrs3Y

Yes but raise it even higher

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