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Farm Business
Agricultural Matters
"Tax is a Moral Issue"
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<blockquote data-quote="Goweresque" data-source="post: 212456" data-attributes="member: 818"><p>No, utterly incorrect. The top 10% of earners pay more than 50% of all income tax, 55% to be exact. A top 10% income means you earn just over £50K. Figures here: <a href="http://www.bbc.co.uk/news/business-17397199" target="_blank">http://www.bbc.co.uk/news/business-17397199</a> and <a href="http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom" target="_blank">http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom</a></p><p></p><p>Thus your policy would mean at the very least (ignoring the fact that huge numbers would leave the country and take their capital and income with them) a 55% drop in income tax receipts, or 55% of £153bn, which is £84bn, in one fell swoop. Which is approximately 12% of ALL government spending every year. Or about 75% of the NHS budget. Gone. Good luck replacing it <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="Goweresque, post: 212456, member: 818"] No, utterly incorrect. The top 10% of earners pay more than 50% of all income tax, 55% to be exact. A top 10% income means you earn just over £50K. Figures here: [url]http://www.bbc.co.uk/news/business-17397199[/url] and [url]http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom[/url] Thus your policy would mean at the very least (ignoring the fact that huge numbers would leave the country and take their capital and income with them) a 55% drop in income tax receipts, or 55% of £153bn, which is £84bn, in one fell swoop. Which is approximately 12% of ALL government spending every year. Or about 75% of the NHS budget. Gone. Good luck replacing it :) [/QUOTE]
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"Tax is a Moral Issue"
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