{"id":60335,"date":"2021-11-25T07:02:04","date_gmt":"2021-11-25T07:02:04","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=60335"},"modified":"2021-11-25T07:02:04","modified_gmt":"2021-11-25T07:02:04","slug":"taxing-the-multi-millionaires-creating-higher-rates-of-income-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/11\/25\/taxing-the-multi-millionaires-creating-higher-rates-of-income-tax\/","title":{"rendered":"Taxing the multi-millionaires \u2013 creating higher rates of income tax"},"content":{"rendered":"<p>In a <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/11\/24\/can-we-tax-multi-millionaires\/\" target=\"_blank\" rel=\"noopener noreferrer\">series of videos<\/a> I am exploring the changes to the UK's tax system that are required to tackle the problems that growing inequality in the UK is creating.<\/p>\n<p>Having explored the background to this issue in the first three videos in this series the first tax I look at that is in need of reform is income tax. In this video I explain why I think that we need higher rates of income tax and what the gain would be from having them. I also explore the commonly claimed argument that this will reduce the amount of work that the wealthy will do and suggest that this is just a myth.<\/p>\n<p>A summary of all the videos in this series is now available on the <a href=\"http:\/\/taxresearch.org.uk\/Wiki\/2021\/11\/24\/taxing-the-multimillionaires\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tax Research wiki, here<\/a>.<\/p>\n<p><iframe loading=\"lazy\" title=\"Taxing the multi millionaires \u2013 higher rates of income tax\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/-l9Cmobvaxg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a series of videos I am exploring the changes to the UK&#8217;s tax system that are required to tackle the problems that growing inequality<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/11\/25\/taxing-the-multi-millionaires-creating-higher-rates-of-income-tax\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[182,10,50,97,12,150],"tags":[],"class_list":["post-60335","post","type-post","status-publish","format-standard","hentry","category-tacs-tax-after-coronavirus","category-tax-avoidance","category-tax-gap","category-tax-justice","category-tax-management","category-wealth-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/60335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=60335"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/60335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=60335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=60335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=60335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}