Budget 2012: 50p Tax Should Remain, Say Majority Of Voters In ComRes Poll

PA/The Huffington Post UK  |  By   |  Posted: 18/03/2012 06:42 Updated: 18/03/2012 08:19

50p Tax Poll Sunday Times

Most voters are against scrapping the 50p tax rate for top earners - including half of Tory supporters, a poll suggested just days before George Osborne unveils his annual Budget.

The findings of the survey, by ComRes for the Independent on Sunday and the Sunday Mirror, underline the scale of the political gamble being considered by the Chancellor.

Mr Osborne is reported to have accepted demands from Tory backbenchers for the change - which will put cash in the pocket of those earning £150,000-plus salaries.

But it is opposed by 58% of the voters polled, compared with 21% in favour.

Most vehemently hostile are Liberal Democrat supporters, 70% of whom said they wanted it to stay despite the party leadership accepting the change in return for extra taxes on wealth.

While they do not want them for the wealthiest, however, the survey showed voters are increasingly keen for the Chancellor to make tax cuts a priority on Wednesday.

Nearly two-thirds (62%) do not believe the Government is doing enough to get the economy going and public trust in Mr Osborne and Prime Minister David Cameron to run the economy has dropped by a point since November to 29%.

They will be encouraged politically however that, despite the public wranglings over tax breaks for high earners, confidence in their Labour rivals has plunged significantly faster.

Only 15% back Ed Miliband and shadow chancellor Ed Balls, six points down.

The drop in confidence did not prevent Labour moving back into an overall lead on voting preferences, gaining two points on a similar poll last month to stand at 40% with the Tories down two at 37% and the Lib Dems unchanged at 10%.

ComRes interviewed 2,010 adults online between March 14 and 16.

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Most voters are against scrapping the 50p tax rate for top earners - including half of Tory supporters, a poll suggested just days before George Osborne unveils his annual Budget. The findings of t...
Most voters are against scrapping the 50p tax rate for top earners - including half of Tory supporters, a poll suggested just days before George Osborne unveils his annual Budget. The findings of t...
 
 
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HUFFPOST SUPER USER
whapgra
01:04 PM on 03/19/2012
the 50p tax effects the top 1% of wage earners, by cutting it he will have to increase tax elsewhere to make up the shortfall. by reducing one tax or incresing personal alowaneces , you have put up tax in other areas so we all end up paying more not less.
This comment has been removed.
11:07 AM on 03/19/2012
To some extent the 'money' involved is irrelevant, what this is about is the intent to look after 'people like us' and let us all know who is in charge.
Cutting the tax by half or eliminating it altogether would be a classic Tory tactic which will alienate everybody who isn't a diehard.
It seems that everything Osborne talks about is a long way from what is required.
How much money is lost through the ultra rich not paying stamp duty on their houses?
The farcical idea of selling off the roads to the private sector.
Getting the NEET into jobs - big priority - WHAT JOBS? even if some could be invented, where is the money coming from to pay this million or so young people?
I despair ...
03:10 PM on 03/19/2012
beechform - they are NOT selling off roads to the private sector - they are simply allowing the private sector to build new TOLL roads like the M6 toll road - nobody has to use it - you can stil use the M6 if you wish - it just takes a hour longer at peak times .

And it was Labour who introduced the concept of Islamic Mortgages to enable Stamp Duty avoidence and 99.9% of those who used them were not Muslims - it is George Osborne who is closing this loophole which was created specifically by Tony Blair .

Even Ed Milliband avoided £135K Capital Gains Tax by doing his house deals in the name of his then unmarried partner - Tony Blair owns his UK homes off shore for tax purposes including his recent £5.75 million Wooton Court, Bucks house purchase
04:19 PM on 03/19/2012
OK, so they are not selling off the roads - I 'stretched' the point a little.
I'm not pro Labour either.
There are too many opportunities for people with wealth to duck their financial liabilities through loopholes - whether created by design or negligence. Was it one of Gordon's promises as Chancellor to simplify the tax system? ... anyway, he didn't get very far at all.
There is no legitimate reason to allow people not to pay the tax due from the purchase of their residence. If it's owned by them, a company, trust or any other entity with which they have a connection then they should be paying it.
That principle should dictate all tax policies.
10:25 AM on 03/19/2012
I just wish the government would get their asses into gear and create more jobs. The 50p tax rate for the super rich is fair, i understand they are wealth creators, but if they cannot live on less than £150k a year what hope do those that are unemployed on benefits expected to live on about £80 a week per person.

I have had to go back to University to study for a Law Degree, the chances of me getting anything at the end is getting slimmer my age goes against me, there is currently around a 1:33 chance of getting a training contract at the end. I cannot claim benefits i have to rely on Student Loans (which i have to pay back) to live.

My friend recently applied for a job as a litter picker, there were over 80 applicants for the 1 post. It really is depressing and the government are just ploughing through and when you look at it prima facie then it seems they are keeping the richest happy and screwing the rest.

I am sorry to all those rich wealth creators who are offended by this, it is not your fault and yes you do this country a service but look at it from the angle of the major majority of the country, who get told it will create jobs, yet unemployment figures are rising month on month.
10:23 AM on 03/19/2012
Of course they will back keeping the 50% tax rate. This is what pays their childrens allowances, job seekers allowances, free health care, free dentists and all the other freebies.
You cannot have 20% of the population paying the salaries and freebies of the other 80%.
I guess I am wrong as the majority would rather go back to labour borrowing to cover the deficeit and leaving our children worse off with tomorrow,s debt that they are today. Hell what matters we are in the EU what differnce would another Greece make to the big picture. We produce about as much and spend a lot more.
02:02 PM on 03/19/2012
You are not wrong,on the contrary you are quite right.This idea that it is wrong to make money is a typical lefty idea to stir up the less well off.About 80% of taxes are paid by about 20% of the people.The state has no right to take away what one has earned.It is immoral to tax people at a higher rate because they have done better in life than others.The taxes are set and people pay.Taxes should actually be a lot lower for every one and the state should back out of peoples lives.Then there would be an incentive for the entrepreneurs to increase their business and increase jobs,encourage every one to work harder and keep more of what they earn,and make the lazy and feckless get out and earn a living.Our social model can not be sustained without more borrowing which as we know leads to disater eventually or much,much higher taxes which eventually stifles enterprise and encourages idleness on state hand outs.
katertaif
My wife thinks I have one fault. Everything I do!
09:26 AM on 03/19/2012
Doesn't matter what we think. This crew including labour have proven that. With three line whips to prevent any move to support people over the EU, No time to debate over the NHS petition (which Cameron says is going through anyway) I just can't believe there is any one left in the country; no matter how ardent and blindly supportive of the three main parties they are who believes that the present crew of politicians in the house of commons cares a rap about what we think. The general election is far to far away for that. In a couple of years they will start to care, as they gear up for the campaign to get the bums on the green leather seats for another few years. This is assuming there is anything left to govern by then.
10:10 AM on 03/19/2012
Katertaif, you are absolutley right and your comments mirror all my feelings completely, we now also have the motorway sell off that will steamroll through, I am 61 and voted all my life, but I just cannot see anybody out there as a savior next time round can you?
katertaif
My wife thinks I have one fault. Everything I do!
10:37 AM on 03/19/2012
Not a saviours in the sense of knights on white horses no, but I can see two parties out there (possibly three) who can be used for our purposes. The are two main problems. One is that the established parties have a cosy little thing going, and they are far more interested in themselves than us or the country. Secondly, because of their past actions there is no trust at all between us and them. What would it take to get them a) doing what is best for the country, and b) restoring trust by telling the truth? By themselves the BNP and UKIP are virtually unelectable. One would cause unheard of riting, and the other have only one real policy. They can be used though; I believe. A few of them in parliament, say 50 between them, would cause real fear in the lib/lab/con ranks. Fear of losing their comfortable living. How do they stop that happening? Easy, start doing the right thing for the country, and restore our trust by being open, and giving us back the democracy they have stolen from us. There is a third possible string to the bow, Britain First, I think their aims are unrealistic myself, but again they can be useful in restoring democracy.
HUFFPOST SUPER USER
lillian12130
09:05 AM on 03/19/2012
How about taxing sport winnings etc , those who play at Wimbledon and get through the last few rounds get their winnings tax free and the men and women's final winning is now over 1 million pounds, that money goes back to their own countries , it doesn't come into ours because we haven't won wimbledon since 1977 , thousands of pounds of our money goes to immigrants country of origin that is why money transfer places are growing .
I know someone who lives and works here and sends most of his money to Jamaica where he has brought a house and were he will return to , so that is just one example of our money disappearing. Then there are the Eastern Europeans begging in the streets, the money they take is sent back to their own country to finance large houses that you would have to be a millionaire to buy in this country and these eastern Europeans are also on benefits and some sell the big issue , who claim they are homeless , they might be here but not where they come from.
HUFFPOST SUPER USER
lillian12130
08:49 AM on 03/19/2012
tax the rich , they can pay peoples to deal with their income and move their money around to avoid tax . The basic state pension is the same no matter where you live , if you live in London where the cost of living is very high you get the same pension of those who live in a lower cost of living area , not all pensioners are well off and can move so don't say that.If all rich people were taxed for all the income then the fuel duty can be reduced as most fuel costs are high because of the tax , this in turn will lower the costs of food deliveries and I don't mean the deliveries from supermarkets or take always but the costs of the large lorries who deliver bulk to the supermarkets , this then should reduce the top branded foods were a lot of people cannot afford.If they won't reduce the fuel duty then road tax should be abolished and the tax is taken off the fuel so it is fair for all without rising the fuel duty .
Nothing we say on here will do any good there is nothing we can do, no matter who you vote for they are all the same and will go against the people in every budget unless you are rich.
04:38 AM on 03/19/2012
The only people who benefit from a reduction in the 50p tax rate are those who are paying it.
Contrary to belief we don't rush out and create new jobs.

The Tories did this here in New Zeaalnd as much as when it is your pocket it goes to , its more in the term deposit, buts its the poor who need tax reduction as they are more inclined and mostly have to spend their income.

I actually find this quite disgusting when people like Osbourne and Cameron are cutting and destroying the lives of the most needy in society, nice blokes . This flies in the face of any debt reduction, total hypocracy.
03:01 AM on 03/19/2012
...........but will they listen to us?
I doubt it. After all, it affects ministers and their cronies.
01:34 AM on 03/19/2012
Someone is clouding the issue- people who earn over £150K don't suddenly pay tax at the rate of 50%; the would pay already be paying tax at 40% on earnings over around £37k so we are only talking about the 10% difference - which Labour conveniently ignore.

People must be allowed to earn these amounts to create jobs in the private sector and removing the 50% rate cannot in itself create significant wealth. Better to concentrate effort on tax evasion and schemes which immorally but legally bypass the tax system.

Simplify the tax and then collect it rigorously so that the major leaks (eg Vodafone) cannot continue to avoid the tax they owe and attack schemes involving ghost companies whose main objective is to avoid legitimate tax.
11:56 PM on 03/18/2012
Can't understand peoples desire to punish the people in this country who generate the wealth, which incidently pays the benefits of a lot of those who would like them to pay more than anyone else. a considerable amount of these people ( not all ) have achieved their wealth from hard work and have paid their wat, unlike a lot of the moaners. If you wish to supress peoples desire to succeed in life, where do the employers and tax payers come from? The needed cutbacks should come from the non contributing part of society that feel the rest of us should support them.
12:34 AM on 03/19/2012
Welcome to cloud cuckoo land! Do you honestly believe what you have written? Are you not aware these high earners (including those who inherited wealth) do NOT pay through PAYE and as such employ accountants who ensure they pay the absolute minimum! They do it "legally" as with that great conman Tony Blair (great socialists he, Kinnock,Mandleson etc turned out to be!). It is the "ordinary" working man (if he can get a job) who keeps this country going with his high taxation (circa £8000 a year allowance tax free). Yes, it is true we need to cut back on benefit payments but that does not mean we allow the rich to get richer whilst the poor (workier) get poorer!!
07:52 AM on 03/19/2012
I'm not rich..........in fact I'm quite poor but don't you realise that if those who have the money, feel they are being taxed too much, they'll simply take their money and leave the country. Now that isn't cuckoo land, that is fact. Ask yourself why manufacturers have taken the step to ship their business overseas? They decided that imported workers were good for their business because they were more flexible when it came to wage demands but when that became unpopular to the rest of us, they simply took the business elsewhere but still expect to sell their manufactured goods to the poor mugs they left behind..........you and me. It's actually called greed but the wealthy business man likes to call it good business and you'll never stop that, no matter who is in power at Westminster.
HUFFPOST SUPER USER
lillian12130
08:52 AM on 03/19/2012
it is the people they employ who pay their taxes through PAYE and it is the lower paid workers who make them richer and it is possible that the lower paid workers who are the ones who help to pay benefits not the rich bosses
11:17 PM on 03/18/2012
Tories are now confirming that they are untrustworthy , caring only about wealth/wealthy.
Labour are no longer credible and the Lib Dems are creeps.
God help us , because this lot won't !
07:56 AM on 03/19/2012
Put yourself in the shoes of someone who has money.....lots of it and feel that you're being taxed too much..................what would you do? I know what I would do, I would take my money and run with it. Run to the nearest country, as fast as I can, that gives me a good deal. That happens and this country gets left with nothing at all if all the rich left.
katertaif
My wife thinks I have one fault. Everything I do!
09:17 AM on 03/19/2012
Take the case of Lewis Hamilton. He lives in Switzerland I believe because he says living here would cost him too much in tax. How many more Lewis Hamiltons are there out there?
10:14 PM on 03/18/2012
There are just over 300000 in the UK who earn £150 K and above and over 90% are in the Private sector - very very few in the public sector.

All those in the private sector ( and some in the public sector ) can either re arrange their remuneration to bring them under the £150K ( other benefits in lieu of salary such as pensions , education & school fees, cheap loans, company vehicles , private health care etc ) or re - arrange their employment contracts to ensure they receive payment in such a way as to avoid the 50% rate ( in fact they can pay as little as 26% if organised properly ) .

So the reality is like Inheritance Tax the 50% Tax rate is optional - only those who can't be bothered talking to an accountant or tax specoialist actually have to pay .

It is the same with the so called " mansion tax " - 75% of the houses it would notionally affect are not owned by the occupants but by companies - 20000 have been registered in the Isle of Man alone in the last 10 years and we have assisted many clients to do so - it puts them beyond the reach of Inheritance Tax .. The biggest loser with a "mansion tax " would be the National Trust as they own many huge historic houses

Retaining or abolishing the 50 % rate is academic - its abolition will simply
10:11 PM on 03/18/2012
Of course it's not a good idea....but when has ANY politician taken notice of the public's opinion.
They do exactly what they want , and we are all pathetic enough to put up with it.
Elected BY the people, to govern FOR the people.... ... really ?