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Old 14-03-2016, 09:22   #186
heero_yuy
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Re: More cuts from failing Osborne

Quote:
Originally Posted by Mr K View Post
any surplus he'll give to the rich.
Quote:
In 2013-14, the best-paid 1 per cent of workers will contribute 29.8 per cent of all income tax, the figures show.

To qualify for that top 1 per cent, an individual would have to have an income of £160,000 a year. People who earn more than £1 million a year will contribute 11.8 per cent of all tax.

Total income tax revenue for HMRC is about £150 billion a year.

The share of total income tax paid by the best-paid has risen in recent years.

In 1997, it was 20 per cent; in 2007, before the financial crisis began, the figure was 24.4 per cent.

According to HMRC, there are about 29 million individual income taxpayers in 2010-11.

Of those, about 28 million pay the basic rate, while 4.3 million are higher rate taxpayers. Roughly 290,000 pay the top rate of tax, now 45 per cent.
Linky

Funny sort of giving to the rich seeing as their contribution to income tax has relentlessly risen over the last two decades.
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