Amount UK's richest pay in income tax revealed - BBC News
Seems like propaganda for the super rich.
https://www.bbc.co.uk/news/articles/cqlvggr9qz5oOpen linkView original on lazysoci.alSyndicated from the fediverse. Read and engage on the original instance.
View original on lazysoci.alSeems like propaganda for the super rich.
https://www.bbc.co.uk/news/articles/cqlvggr9qz5oOpen linkView original on lazysoci.al
3 replies
This really does seem like propaganda! Not much revealed here either. Says 60 people, earning at least 50m in 21/22, paid over 3bn in tax a year. It says at least 50m but if we take 50m x 60, that's 3bn. They are obviously not paying 100% tax and are therefore earning way way more than 50m a year on average between them. What would be "revealing" is saying exactly how much they earnt and how much tax they paid so we can see the %. I bet it's a significantly lower % than the UK average, which is why this story doesn't "reveal" it.
The amount they paid in CGT would be more revealing
Absolute tosh, instead of making a system clearly in favour of the mega rich, how about we make a system that encourages diversification so we have much fewer mega rich but more people have opportunity to step up and fill the gap.