Re:The 1% hide their money offshore, then use it to corrupt ...
by Malarkey73 on Monday April 11, 2016 @03:29PM
(#11474432)
That's wrong. The top 1% pay 30% of income tax. But this is only about a third of UK tax revenues. There is then NI, council taxes, property taxes, business taxes, VAT and duties.
The poorly paid actually spend a much higher % of there income in tax than the top 1%. And their contribution has been rising as the income and wealth based taxes are cut and the consumption based taxes have risen.
I don't blame you for thinking that is the case though as this canard has been pushed heavily by the UK press.
The poorly paid actually spend a much higher % of there income in tax than the top 1%. And their contribution has been rising as the income and wealth based taxes are cut and the consumption based taxes have risen.
I don't blame you for thinking that is the case though as this canard has been pushed heavily by the UK press.