In the print edition of the Daily Telegraph is a little table headed 'What the country earns', figures which presumably came from the ONS.
Income Bracket Number of taxpayers Total tax liability
Under £20,000 14,990,000 £17.1bn
£20,000-£100,000 13,750,000 £79.4bn
£100,000 & over 592,000 £44.1bn
So the total tax income is £140.6bn and our nation's debt is how much??? £2-3trillion? Out of a population of 60million, only 29.33million actually contribute to the nation's finances. And the total cost of all public services is? No, don't tell me, I don't think I want to know!
2 comments:
You forgot that 52% of that £140 billion is 'funny money', going round in circles as those taxpayers work directly or indirectly in so-called 'Public Service'. The relevant new money taxation figure is a paltry £67.49 billion only.
Fair point A and acknowledged.
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