Re:Children's daily sugar consumption halved just a year aft...
by xen0 on Wednesday July 10, 2024 @04:42AM
(#40924917)
The largest forms of tax revenue in the UK are, in order:
* Income Tax
* National Insurance
* VAT
* Corporation Tax
In terms of amounts received, the first is by far the largest
and is overwhelmingly paid by 'higher earners'. The top 50
% pay over 90% of it. The top 1% pay ~30% of it.
National Insurance is less progressive. I would argue that should change but it is what it is.
I can't argue against VAT being regressive, but breakdown of 'amount of VAT paid by income' isn't available.
* Income Tax
* National Insurance
* VAT
* Corporation Tax
In terms of amounts received, the first is by far the largest and is overwhelmingly paid by 'higher earners'. The top 50 % pay over 90% of it. The top 1% pay ~30% of it.
National Insurance is less progressive. I would argue that should change but it is what it is.
I can't argue against VAT being regressive, but breakdown of 'amount of VAT paid by income' isn't available.