Tuesday, May 13, 2014

Fact of the Day

Over the past year, the share of national post-tax income of the top 1% of taxpayers – just 300,000 people – has risen from 8.2% in 2012-13 to 9.8 % in 2013-14.

Over the same period, the bottom 90% – a total of 27 million taxpayers – have seen their share of post-tax income fall from 71.3% to 70.4%.

While the top 1% of taxpayers have seen their share of income after tax go up, the bottom 90% on middle and lower incomes have seen theirs fall.

http://www.theguardian.com/politics/2014/may/13/labour-tax-data-shows-growth-helps-top-1-percent

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