Is it time to end the 50% tax rate?

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?

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.

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