Should high earners pay 50% tax?

26 April 2009

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Poll Started 27 April 2009: Should high earners pay 50% tax? Last week in the budget, the Chancellor announced from next April there’s a new 50p per pound rate for those earning over £150,000. Plus high earners will lose the tax-free personal allowance and higher rate pension tax relief. Arguments for include. The govt needs the money. Those who can afford it should pay. Arguments against include. Worries it won’t raise revenue due to avoidance, a brain drain, or discouraging enterprise. Which of these is nearest your view?

Poll Started 27 April 2009:

Should high earners pay 50% tax?

Last week in the budget, the Chancellor announced from next April there’s a new 50p per pound rate for those earning over £150,000. Plus high earners will lose the tax-free personal allowance and higher rate pension tax relief.

Arguments for include. The govt needs the money. Those who can afford it should pay.
Arguments against include. Worries it won’t raise revenue due to avoidance, a brain drain, or discouraging enterprise.

Which of these is nearest your view?

Results

A. I’m NOT a high earner (<150k). It should be more than 50%.		1,192 votes (10 %)
B. I’m NOT a high earner (<150k). 50% is fine.		4,960 votes (40 %)
C. I’m NOT a high earner (<150k). 50% is too high.		5,713 votes (46 %)
D. I’m a high earner (>150k). It should be more than 50%.		77 votes (1 %)
E. I’m a high earner (>150k). 50% is fine.		143 votes (1 %)
F. I’m a high earner (>150k). 50% is too high.		298 votes (2 %)

                   12,383 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.