Re: Osborne looking to reduce welfare by further £10bn by 2016
Before you get too irate, you may find this piece of information useful....
Link page 8
Of a UK adult population of around 51 million, it is estimated that there will be 29.9 million taxpayers in 2011–12. Around 3.7 million of these will pay tax at the higher rate, providing 34.3% of total income tax revenue, and 308,000 taxpayers will pay tax at the additional rate, providing 28.1% of total income tax revenue.
in summary, four million of the nearly thirty million taxpayers (13.5%) contribute 62.4% of the income tax revenue.
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