Is it time to end the 50% tax rate?
In April '10, those earning over £150,000 got a new 'top rate' of income tax at 50% & lost other tax gains. The Chancellor, George Osborne, has asked the Revenue to review if it's actually raising extra cash. Pro 50p rate say: Higher earners need to feel the pain too, and can afford to pay more Anti 50p rate say: It disincentivises growth & encourages wealthy to take cash away from the UK. (Find out if you're owed a tax rebate using our Free Tax Code Calculator). Which of these is closest to your view?
In April '10, those earning over £150,000 got a new 'top rate' of income tax at 50% & lost other tax gains. The Chancellor, George Osborne, has asked the Revenue to review if it's actually raising extra cash.
Pro 50p rate say: Higher earners need to feel the pain too, and can afford to pay more
Anti 50p rate say: It disincentivises growth & encourages wealthy to take cash away from the UK.
(Find out if you're owed a tax rebate using our Free Tax Code Calculator).
Which of these is closest to your view?
Results
| I am a top rate payer. 50% is fine and should stay |  |
105 votes (2 %) |
| I am a top rate payer. 50% is too high and should be cut. | |
228 votes (3 %) |
| I am a top rate payer. It should be more than 50% | |
68 votes (1 %) |
| I'm NOT a top rate payer. 50% is too high and should be cut | |
2,640 votes (38 %) |
| I'm NOT a top rate payer. 50% is fine and should stay | |
2,989 votes (43 %) |
| I'm NOT a top rate payer. It should be more than 50%. | |
853 votes (12 %) |
6,883 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.
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