Plus they aren't actually earning 150K+, they are running businesses
which pay far lower rates of corporation tax and then they pay themselves through share dividends which attract lower personal tax rates, they have pension schemes, which again lowers the amount of tax, and other stuff to boot.

The only people it really effects are a few people on the margins and even then to a pretty low degree.

I'm quite happy to say it's not a brilliant tax rate to have, but you would accrue more benefit in raising the lower threshold to exempt some people from tax to the amount the 50p rate brings in than you would in scrapping the 50p rate.
(Bazongaloid, Mon 3 Oct 2011, 15:26, Reply)