The claim that the wealthiest 1% in the UK pay 27% of the tax is a grotesque lie, creating a misleading narrative, which the press & broadcast news media have been amplifying for years.
The truth is that over three-quarters of the Government’s income comes from other taxes.
The truth is that over three-quarters of the Government’s income comes from other taxes.
It's also a myth that Britain has an unusually high marginal rates of income tax.
In the UK it's 47% on incomes over £150,000.
Belgium (50%), Israel (50%), Senegal (50%), USA (52%), Spain (52%), Sweden (52%), Japan (55%), Denmark (55%), Austria (55%).
In the UK it's 47% on incomes over £150,000.
Belgium (50%), Israel (50%), Senegal (50%), USA (52%), Spain (52%), Sweden (52%), Japan (55%), Denmark (55%), Austria (55%).
What Britain DOES have, is FORTY-FIVE billionaires.
Billionaires own vast swathes of the news media, fund think tanks & political parties which protect their interests, have close links to the most powerful people in the world - each other - & having the best accountants means that AT LEAST $30 TRILLION is held offshore, untaxed.
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