Top 1% of earners in UK account for circa 30% of income tax
In the midst of election manifestos and fiscal policy debate, the Institute of Fiscal Studies (IFS) has released an interesting statistic – the top 1% of income tax payers in the UK now account for around 30% of income tax paid to the government. Broadly, the ‘top 1%’ of tax payers will earn over £120,000 […]