Reply to post: Re: If we taxed the rich properly

The lighter side of HMRC: We want your money, but we also want to make you laugh

teebie

Re: If we taxed the rich properly

That wikipedia article says the top 1% have 21% of existing wealth, not income.

The top 1% have 8.6+4.2=12.8% of the income, and pay 28% of income tax.

This isn't the result I was expecting.

Points about this being only declared income and the effect of other taxes still stand, of course.

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