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Small minority pay a third of all income tax

HMRC’s figures show that in 2013/14 the best paid 1% of workers will contribute just under 30% of all income tax.  The top 1% comprises individuals earning in excess of £160,000 p.a.

Apparently those earning more than £1m p.a. will contribute just under 12%.

It appears that the reports of widespread tax avoidance may be a touch exaggerated.

 

 

Date: 20th November, 2013
Author: Cathy Corns

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