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.
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 there should be a band every 30-40 grand really.
Yeah, I’m fully in favour of giving people a “you won capitalism” award then taking 100% tax at say, five million?