3 ms·

As pointed out above, though, top 10% is not a very useful metric.

• dogma1138 10y ago
  Are the bottom 10% a better statistic? In the UK the bottom 10% pays 43% of the tax burden, many of them do not pay income tax at all. This is what you get when you have both direct and indirect taxes, income tax in the UK is only 29% of the total Tax Revenue corporate tax revenue is on the other hand only 8%, capital gains taxes are <1% of total tax revenue while things like VAT ~15%, National Insurance at ~19%, Fuel (both gas and heating) and Local taxes at 5% suck the poor, the working, and the middle classes dry. People always claim Europe this Europe that look at how well they tax the rich, well sorry but they aren't taxing the rich well, and the European taxation system isn't progressive it's regressive. The majority of the tax revenue in virtually every EU country does not come from progressive taxation, it doesn't come from taxing the rich via capital gains or corporations it's done by taxing nearly every item you buy and every service you use at a flat percent that doesn't cares if you are rich or not.
  • nicky0 10y ago
    Bottom 10% pays 43% of tax burden - are you sure? That doesn't sound like it can possibly be right.
    • dogma1138 10y ago
      My wording wasn't optimal, I meant to say that the tax burden on the bottom 10% is 43%, that's the percentage of income they lose to taxes while the top 10% only lose 35%. https://www.equalitytrust.org.uk/sites/default/files/unfair_and_unclear.pdf https://www.equalitytrust.org.uk/sites/default/files/unfair_...
  • jomamaxx 10y ago
    I think you meant to say - the top 10% pay 43% of the tax burden.
    • deleted 10y ago
      [deleted]