Tax burden is dangerous

Posted on 25 Nov 2013
Share Blog Post
Tax burden on highest earners has become “dangerous”Government figures show that for the first time the richest workers - estimated as those earning more than £75,300 a year - will pay just over 50% of the income tax collected by the Treasury. Twenty years ago the proportion of income tax paid by the top 5% was 39.6% but is expected to hit 50.1% this year. Prof Philip Booth, senior academic fellow at Institute of Economic Affairs, said: “A highly mobile group of people have become responsible for paying a greater and greater share of the tax take. This is dangerous. The tax base has become too narrow. Allowing a small number of better-off people to shoulder the cost of public services is a risky policy, politically and economically.”

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661