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Home Moneta Blog The top taxpayers in the UK

The top taxpayers in the UK

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As per our earlier post, Daniel Hannan posted the following graph from HM Revenue and Customs of who actually pays the tax in the UK.

Bottom line? The top 10% pay 53% of all tax.

The problem is that all these so called "anarchists" are not anything of the sort. They are the same left wing agitators that campaign time and again. Don't get me wrong, there are few people that despise the banksters as much as I; just not everyday bankers.

It is the central bankers that need to answer for this catastrophe.

The teller at your local Barclays, or the average portfolio manager does not know the fraud of modern money mechanics.

They are simply everyday working Joes, albeit making a lot of money. And who reading this would not want to make as much as they do?

The sad fact is that when these lefties call for taxing the rich, that is you and I. We, the working and middle classes have the most accessible wealth.

 

Comments 

 
0 #1 Katherine Barker 2011-12-14 08:23
according to the Paris School of Economics's World Top Incomes Database (Alvaredo, F., Atkinson, A. B., Piketty, T. and Saez, E), in 2005 the top 1% of earners in the uk earned 14% of all income, and the top 10% earned 41%. given our tax system iss upposed to be progressive, with low earners paying no tax or even receiving tax credit, i fail to find your figures any sort of proof that top earners are paying their fair share

@ KB - I am sure there are other sources of data that will also show other breakdowns of income to prove or disprove ones argument. The chart above come from our government tax agency dated 2010. I would expect a massive increase in wealth at the top, and a dramatic fall at the bottom since 2005.

The real problem, as you point out, is the “system” itself, and just what is the so called “fair share”? With only 6,000 people declaring incomes over £1 million, there are few that can pay more, and the question is would they stay or go? Mital, Abrmaovich, and the hundreds of other billionaires? What would you do in their position? The burden, once again, will fall on the middle classe, no matter which figures we use.
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