Redistribution of Wealth

[LisaContractorUmbrella]

This is quite interesting http://www.hmrc.gov.uk/stats/income_tax/table2-4.pdf

[northernladuk]

This is quite interesting http://www.hmrc.gov.uk/stats/income_tax/table2-4.pdf

You need to go out more Lisa!

[LisaContractorUmbrella]

I'm an accountant NLUK - what do you expect

[BrilloPad]

You need to go out more Lisa!

Are you offering? Better not tell NLadyUK!

And the link contains lots of numbers. Can someone explain them to me in a sentence please?

[LisaContractorUmbrella]

Are you offering? Better not tell NLadyUK!

And the link contains lots of numbers. Can someone explain them to me in a sentence please?

basically Mr Pad sir the numbers say that the share of income for the top 50% of the country has reduced but their tax contributions have gone up hth

[BrilloPad]

basically Mr Pad sir the numbers say that the share of income for the top 50% of the country has reduced but their tax contributions have gone up hth

Even after the 50% rate came in?

[LisaContractorUmbrella]

Even after the 50% rate came in?

Yep. Example from the table - the contribution of tax for the top 5% of people in the country has gone from 39.6 to 47% between 1999 and 2011 but their earnings have gone from 23% to 20%