The Daily Telegraph reported that a study by HM Revenue and Customs showed the very rich had reduced their average income tax rate to just 10%. Chancellor George Osborne: He told the newspaper: “I was shocked to see that some of the … Continue reading
Tag Archives: tax
Top 1% of UK earners pay almost 30% of all income taxes
The 47 billion they pay is more than the Treasury raises from Company profits and is enough to fund about one third of the welfare state. Just 308,000 fall into this group. Since 2000 the share of tax revenue paid … Continue reading
City Fat Cat Salaries
- Do we hate bankers because of a long term cultural history that is strong enough to have strong religeous basis for Muslims and Jews ? – Should we also be overtly blaming the governments that created laws to encourage … Continue reading
UK Income Distribution
Where do you site ? Find out by going to http://www.ifs.org.uk/wheredoyoufitin/. Or have a look at this article which has a great graph for 2006/7 income distribution (£ per week). http://tutor2u.net/blog/index.php/economics/comments/life-in-the-middle-income-distribution-in-the-uk/ £377 x 52 = £19,604 £473 x 52 = … Continue reading
Some great photos from 2011
Great shots, but sad to see that so many relate to war, riots, demonstrations and environmental disasters. http://www.buzzfeed.com/mjs538/the-most-powerful-photos-of-2011
How much do you need to earn to be in the UK 10%
An annual income of £44,000 puts you in the top 10% of UK earners ! I was listening to a BBC Radio 4 programme and up popped a figure that surprised me. So I checked it out and it seems … Continue reading
Inequality has risen faster in Britain than in any other rich country
While inequality has risen in almost every OECD member state, nowhere has it risen faster than in the UK. Given that there is a direct link between increased inequality and increased social and other problems, for all (ie rich and … Continue reading
Socialist drinking
Also sent to me, by the same friend who sent me the article on “Punish the rich, hurt everybody“. An interesting way to consider how it is easy to consider the contribution. For me, a key concept that if you … Continue reading
Punish the rich, hurt everybody
An interesting article this week’s issue of The Spectator (sent to me) in response to a discussion we were having that it’s both ends that need dealing with. At the bottom the social security safety net gets abused by some, at the top, … Continue reading