14-03-2016, 09:22
|
#186
|
|
Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 68
Services: VM 500M SH3 thingy
in modem mode
XL TV V6 Sony Bravia smart TV and M phone
Posts: 11,273
|
Re: More cuts from failing Osborne
Quote:
Originally Posted by Mr K
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.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
|
|
|