the corner office

a blog, by Colin Pretorius

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Sharing the burden

This came up in a discussion with a colleague today and I thought I'd store the link for posterity. This little bit of info, quoted from 2007 parliamentary proceedings, (and links to source data via, for example, here) is an interesting statistic:

In this financial year, the top 1 per cent of earners — those with a pre-tax income of £117,000 — will pay 22 per cent of all income tax. The top 5 per cent will pay 41 per cent, and the top 10 per cent will pay 52 per cent of all income tax gathered.

The moral of the story being that if too many of those top earners decided they'd had enough of the UK and buggered off, it would leave a disproportionely large hole for the rest of us to fill.

{2009.12.18 - 17:36}

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