Should add more bands higher. I honestly think 90% gets very reasonable at a certain point. The marginal utility of the added income they’re making already makes very little difference to them. They’re just doing it to accumulate more at that point.
Edit: To be clear, I don’t think that point should even be hit by small business owners or specialists. Pretty much only those that live on rents and CEOs should get there.
Please define “high earner”.
Literally written directly under the headline
What does 45p mean? Pounds, percentage?
Both! It’s 45 pence in the pound, so 45%
Should add more bands higher. I honestly think 90% gets very reasonable at a certain point. The marginal utility of the added income they’re making already makes very little difference to them. They’re just doing it to accumulate more at that point.
Edit: To be clear, I don’t think that point should even be hit by small business owners or specialists. Pretty much only those that live on rents and CEOs should get there.
Yeah, I’m fully in favour of giving people a “you won capitalism” award then taking 100% tax at say, five million?
Yeah there should be a band every 30-40 grand really.
3 or 4 times the average wage seems fair.
They are literally just adding more tax brackets to the existing ones.