Increase top rate of income tax for earnings over 250k pa

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Increase top rate of income tax for earnings over 250k pa

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Introduced in 1907, and abolished in 1973, the top rate of income tax was called Supertax, and in 1973, this tax was 19 shillings and 6 pence in the pound (97.5 %) over a certain wage. Today, the government worry about imposing a 50% income tax. Let the government raise income tax for all who earn over 250K pa to 75% on all income over this amount, and ensure that both individuals, and firms, pay British tax on all earnings in the UK!

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