RE: IMF says UK faces five more years of high interest rates11 Oct 2023 02:49
"'I have been smoking freedom, togetherness, 1.5 million workers coming to help us build our great country whilst contributing £100 each in taxes and NI contributions every week which equals £150 million per week to rebuild our NHS, our schools etc."
50% of Households pay nearly 80% of receipts
The Institute for Fiscal Studies (IFS) – an economic think tank – has analysed how much households pay in tax. Their analysis – which covers around three quarters of tax revenues (including income tax, NICs, VAT, excise duties, and council tax) – found that, 50% of households with the largest incomes contributed around 78% of taxes.
The remaining 50% contribute 22% ......Add in TAX CREDITS etc etc.
More than half the nation takes OUT more than THEY PUT IN!!
More yellow dingies are on the horizon...sigh