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#16 - Reg- it is in the official HMRC Income Tax records.
I repeat what I said earlier, the figures for last tax year had the top 1% of earners, those on over £150,000, paid 27% of the income tax 'take'.
The top 10% of earners, those on over £48,000 contributed 53% of the income tax 'take'.
These are very close to some figures given out on the BBC a week of so ago in a programme about the crisis done by Nick Robinson.
Alexander - then HMRC also get £200k in your example.... They need revenue to help deal with the deficit. The alternative would be higher tax rates and that would be a disaster, the higher earner would take their income off-shore and HMRC get nothing, zilch. It gets worse as well as they may well also then take their investment offshore, less then for British businesses and that means less employments opportunities, even less income tax and more social security payments...
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