{"id":23885,"date":"2014-01-31T10:44:20","date_gmt":"2014-01-31T10:44:20","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=23885"},"modified":"2014-01-31T11:27:08","modified_gmt":"2014-01-31T11:27:08","slug":"the-1-really-do-live-in-a-very-different-world-to-the-rest-of-us","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/01\/31\/the-1-really-do-live-in-a-very-different-world-to-the-rest-of-us\/","title":{"rendered":"The 1% really do live in a  very different world to the rest of us"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.gov.uk\/government\/publications\/percentile-points-from-1-to-99-for-total-income-before-and-after-tax\" target=\"_blank\">government has issued new statistics today<\/a> on the taxable income and tax paid of people in the UK split into single percentage point bands.<\/p>\n<p>I have plotted the data for 2011-12 tax year (the most recent available) showing total income before tax, income after tax and by deduction tax paid:<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-23888\" alt=\"Screen shot 2014-01-31 at 10.36.38\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38.png\" width=\"622\" height=\"676\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38.png 777w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38-275x300.png 275w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38-206x225.png 206w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.36.38-121x132.png 121w\" sizes=\"auto, (max-width: 622px) 100vw, 622px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">To make clear how steep that gradient is for the top 10% this is the data for this decile:<\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.39.47.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23891\" alt=\"Screen shot 2014-01-31 at 10.39.47\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.39.47.png\" width=\"235\" height=\"217\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.39.47.png 235w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/01\/Screen-shot-2014-01-31-at-10.39.47-142x132.png 142w\" sizes=\"auto, (max-width: 235px) 100vw, 235px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">So let's be clear what this shows.<\/p>\n<p style=\"text-align: left;\">The first thing is that just 1% of people might be subject to the 50% tax rate.<\/p>\n<p style=\"text-align: left;\">The reason why they are subject to this rate is that their income and therefore their capacity to pay a higher rate of tax is completely different from that of the rest of the Uk community - even when compared to those in the next percentage point below them.<\/p>\n<p style=\"text-align: left;\">And these people are not in the 'middle class' of incomes. Those who argue that they are are living in a totally different world to the rest of us. And that is why they need to, and should, pay a lot more tax than everyone else especially when 50% have pre tax incomes of \u00a320,000 or less.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has issued new statistics today on the taxable income and tax paid of people in the UK split into single percentage point bands.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/01\/31\/the-1-really-do-live-in-a-very-different-world-to-the-rest-of-us\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-23885","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/23885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=23885"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/23885\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=23885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=23885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=23885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}