Quote:
Originally Posted by andygrif
I'm not sure what you're using to base this argument on, but the amount of money collected by R&C is increasing not decreasing: Source
Income Tax Income 07/08 - £157bn National Insurance £95bn
Income Tax Income 06/07 - £144bn National Insurance £90bn
Income Tax Income 05/06 - £138bn National Insurance £83bn
National Insurance is strictly income based to each of the thresholds, 11% then 1% Source |
The % of tax collected via income tax is dropping not the total amount of income tax collected.
NI is taxed at a lower % once a threshold is hit hence not strictly income based so big earners pay a smaller % of their income in NI then lower earners.