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  #1  
Old 06-08-2019, 01:39 PM
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The Top 1%

Some analysis from the IFS that I thought might be interesting

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Old 06-08-2019, 01:51 PM
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"Record numbers of adults are paying no income tax, an analysis by the Institute for Fiscal Studies (IFS) shows, as the burden increasingly falls on the top one per cent of earners."

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Without commenting on the fact that a large proportion of those adults will be retired, students, looking after children etc.

However, they are writing for a DT audience, so a headline written to infer a tax policy predicated on increasing the burden on the top 1% not being a good thing is to be expected of the DT.
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Old 06-08-2019, 02:05 PM
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I'd assumed this was going to be a "Guess who's in the top 1%? I am!" type thread.

(Posting this before SC gets a chance to.)
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Old 06-08-2019, 02:06 PM
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It reads to me like they are angling for a tax change for business owners, given the lower rate for dividends over income tax.
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Old 06-08-2019, 02:33 PM
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The increase in the number of young people from 16-24 that are in full time education/gap year is starting to have significant statistical implications. Tax, junior jobs etc. Bloomberg mentioned that in NYC the number of 19 year olds working in the summer had fallen from 70% in the early 90s to around 40% now.
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Old 06-08-2019, 02:46 PM
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Quote:
Originally Posted by west country boy View Post
I'd assumed this was going to be a "Guess who's in the top 1%? I am!" type thread.

(Posting this before SC gets a chance to.)
BASTARD!

(I wouldn't trust that report anyway. The authors sound fictitious.)

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Old 06-08-2019, 02:47 PM
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Can i just say ive worked full time and paid income tax since i was 16.

Thanks. I do my bit to support the lazys.
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Old 06-08-2019, 02:50 PM
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Quote:
Originally Posted by macstar View Post
Can i just say ive worked full time and paid income tax since i was 16.

Thanks. I do my bit to support the lazys.
Yeah, but this is countered by the fact that you kiss men & hate black people.
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Old 06-08-2019, 02:56 PM
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Old 06-08-2019, 03:06 PM
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Quote:
Originally Posted by macstar View Post
Can i just say ive worked full time and paid income tax since i was 16.

Thanks. I do my bit to support the lazys.
Yes because earnings are directly related to effort.


I think you are in the top 1% of complete tit tbh.


This also refers to income, I think it's heavily skewed since the richest people don't get counted in this at all, if they did then nobody would be complaining about paying up. No, the real dirtbags are on big tax schemes to get off paying anything but it makes macstar proud to be British so I guess that's ok.
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Old 06-08-2019, 03:37 PM
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Quote:
Originally Posted by west country boy View Post
I'd assumed this was going to be a "Guess who's in the top 1%? I am!" type thread.

(Posting this before SC gets a chance to.)
Last time I had a look at a thread with '%' in the title it was an eye opener.

(Not just eyes come to think of it)
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