Tuesday, 18 May 2010

Err, Dave & Nick - Do We Have a Problem?

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!


Anonymous said...

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.

Witterings From Witney said...

Fair point A and acknowledged.