SteMiS wrote:Lootman wrote:And that "required amount" already overwhelmingly comes from those who are well off.
Whilst it's true that the well off generally pay more tax in pound note terms I don't think it's quite as extreme as the
"the richest 2% pay over 50% of taxes"
you quoted (which relates purely to income tax). As I posted earlier (viewtopic.php?p=418417#p418417), the percentage of income paid by the different quartiles is relatively similar. According to https://assets.publishing.service.gov.u ... le_2.4.pdf it is the top 25% that receive 53% of total income (before tax). So bearing in mind the similar overall percentage tax rates of the different deciles (and the fact that not all tax is personal tax) I'd say that's a better, albeit crude, view of where half the taxes come from...the top 25% not the top 2%.
I cannot now recall whether my 50%/2% quotation was about only income tax, or was about all taxes. As I noted before there are some taxes that are only paid by the better off e.g. CGT and IHT.
But even if it was only income tax, we can both be correct i.e. the percentage of income paid by each decile may be comparable AND the vast majority of tax is paid by the well off. It really depends whether one chooses to look at the tax as a percentage of income or look at the total amount of tax paid.
Those who want to hit the wealthy more generally prefer the first method of description, for fairly obvious reasons.