Top 1% of earners pay A THIRD of income tax

The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a fifth of total receipts, according to a Freedom of Information request obtained by the investment service Wealth Club and provided to The Times. Read more at the link in the bio 🔗 #tax #wealth #news #economics #politics