John Hemming's Web Log John's Reference Website
Tuesday, March 31, 2015
  The Government Tax and the Wealthy
Another of Labour's misleading comments about tax relates to the government and tax cuts for the rich. It is true that the government cut the top rate of tax to 45% from 50%. It is worth noting, however, that it was only at 50% for one month of the Labour Government from 1997-2010. However, if you want to look at how fair policies are then you need to take into account more than just income tax.

Unusually this government has done "distributional analyses" for policies.  There is a distributional analysis that relates to the 2015 budget.  That can be found:

here

This chart from it looks at the effects from June 2010 through to March 2015 by expenditure decile.

I prefer the expenditure analysis to look at the spending power of households which in many ways is a better indication of economic power than the formal income. You should note from this that the top 10% (the richer households) are paying a lot more in terms of tax than those lower down the expenditure analysis. Chart 2D in the document (which I have not extracted) does the same calculation by income decile and comes with the same conclusion (the rich are paying more tax as a percentage of income - notwithstanding the change in headline rate).
 
Comments: Post a Comment

<< Home

Click Here for access to higher resolution versions of the photos The license for use allows use of the photos by media as long as they are attributed.

better brent chart

ARCHIVES
12/01/2003 - 01/01/2004 / 07/01/2004 - 08/01/2004 / 12/01/2004 - 01/01/2005 / 01/01/2005 - 02/01/2005 / 02/01/2005 - 03/01/2005 / 03/01/2005 - 04/01/2005 / 04/01/2005 - 05/01/2005 / 05/01/2005 - 06/01/2005 / 06/01/2005 - 07/01/2005 / 07/01/2005 - 08/01/2005 / 08/01/2005 - 09/01/2005 / 09/01/2005 - 10/01/2005 / 10/01/2005 - 11/01/2005 / 11/01/2005 - 12/01/2005 / 12/01/2005 - 01/01/2006 / 01/01/2006 - 02/01/2006 / 02/01/2006 - 03/01/2006 / 03/01/2006 - 04/01/2006 / 04/01/2006 - 05/01/2006 / 05/01/2006 - 06/01/2006 / 06/01/2006 - 07/01/2006 / 07/01/2006 - 08/01/2006 / 08/01/2006 - 09/01/2006 / 09/01/2006 - 10/01/2006 / 10/01/2006 - 11/01/2006 / 11/01/2006 - 12/01/2006 / 12/01/2006 - 01/01/2007 / 01/01/2007 - 02/01/2007 / 02/01/2007 - 03/01/2007 / 03/01/2007 - 04/01/2007 / 04/01/2007 - 05/01/2007 / 05/01/2007 - 06/01/2007 / 06/01/2007 - 07/01/2007 / 07/01/2007 - 08/01/2007 / 08/01/2007 - 09/01/2007 / 09/01/2007 - 10/01/2007 / 10/01/2007 - 11/01/2007 / 11/01/2007 - 12/01/2007 / 12/01/2007 - 01/01/2008 / 01/01/2008 - 02/01/2008 / 02/01/2008 - 03/01/2008 / 03/01/2008 - 04/01/2008 / 04/01/2008 - 05/01/2008 / 05/01/2008 - 06/01/2008 / 06/01/2008 - 07/01/2008 / 07/01/2008 - 08/01/2008 / 08/01/2008 - 09/01/2008 / 09/01/2008 - 10/01/2008 / 10/01/2008 - 11/01/2008 / 11/01/2008 - 12/01/2008 / 12/01/2008 - 01/01/2009 / 01/01/2009 - 02/01/2009 / 02/01/2009 - 03/01/2009 / 03/01/2009 - 04/01/2009 / 04/01/2009 - 05/01/2009 / 05/01/2009 - 06/01/2009 / 06/01/2009 - 07/01/2009 / 07/01/2009 - 08/01/2009 / 08/01/2009 - 09/01/2009 / 09/01/2009 - 10/01/2009 / 10/01/2009 - 11/01/2009 / 11/01/2009 - 12/01/2009 / 12/01/2009 - 01/01/2010 / 01/01/2010 - 02/01/2010 / 02/01/2010 - 03/01/2010 / 03/01/2010 - 04/01/2010 / 04/01/2010 - 05/01/2010 / 05/01/2010 - 06/01/2010 / 06/01/2010 - 07/01/2010 / 07/01/2010 - 08/01/2010 / 08/01/2010 - 09/01/2010 / 09/01/2010 - 10/01/2010 / 10/01/2010 - 11/01/2010 / 11/01/2010 - 12/01/2010 / 12/01/2010 - 01/01/2011 / 01/01/2011 - 02/01/2011 / 02/01/2011 - 03/01/2011 / 03/01/2011 - 04/01/2011 / 04/01/2011 - 05/01/2011 / 05/01/2011 - 06/01/2011 / 06/01/2011 - 07/01/2011 / 07/01/2011 - 08/01/2011 / 08/01/2011 - 09/01/2011 / 09/01/2011 - 10/01/2011 / 10/01/2011 - 11/01/2011 / 11/01/2011 - 12/01/2011 / 12/01/2011 - 01/01/2012 / 01/01/2012 - 02/01/2012 / 02/01/2012 - 03/01/2012 / 03/01/2012 - 04/01/2012 / 04/01/2012 - 05/01/2012 / 05/01/2012 - 06/01/2012 / 06/01/2012 - 07/01/2012 / 07/01/2012 - 08/01/2012 / 08/01/2012 - 09/01/2012 / 09/01/2012 - 10/01/2012 / 10/01/2012 - 11/01/2012 / 11/01/2012 - 12/01/2012 / 12/01/2012 - 01/01/2013 / 01/01/2013 - 02/01/2013 / 02/01/2013 - 03/01/2013 / 03/01/2013 - 04/01/2013 / 04/01/2013 - 05/01/2013 / 05/01/2013 - 06/01/2013 / 06/01/2013 - 07/01/2013 / 07/01/2013 - 08/01/2013 / 08/01/2013 - 09/01/2013 / 09/01/2013 - 10/01/2013 / 10/01/2013 - 11/01/2013 / 11/01/2013 - 12/01/2013 / 12/01/2013 - 01/01/2014 / 01/01/2014 - 02/01/2014 / 02/01/2014 - 03/01/2014 / 03/01/2014 - 04/01/2014 / 04/01/2014 - 05/01/2014 / 05/01/2014 - 06/01/2014 / 06/01/2014 - 07/01/2014 / 07/01/2014 - 08/01/2014 / 08/01/2014 - 09/01/2014 / 09/01/2014 - 10/01/2014 / 10/01/2014 - 11/01/2014 / 11/01/2014 - 12/01/2014 / 12/01/2014 - 01/01/2015 / 01/01/2015 - 02/01/2015 / 02/01/2015 - 03/01/2015 / 03/01/2015 - 04/01/2015 / 04/01/2015 - 05/01/2015 / 05/01/2015 - 06/01/2015 / 07/01/2015 - 08/01/2015 / 08/01/2015 - 09/01/2015 / 09/01/2015 - 10/01/2015 / 10/01/2015 - 11/01/2015 / 11/01/2015 - 12/01/2015 / 12/01/2015 - 01/01/2016 / 01/01/2016 - 02/01/2016 / 02/01/2016 - 03/01/2016 / 03/01/2016 - 04/01/2016 / 04/01/2016 - 05/01/2016 / 05/01/2016 - 06/01/2016 / 06/01/2016 - 07/01/2016 / 08/01/2016 - 09/01/2016 / 09/01/2016 - 10/01/2016 / 10/01/2016 - 11/01/2016 / 11/01/2016 - 12/01/2016 /


Powered by Blogger

Published, promoted, and printed (well not really printed I suppose, more like typed) by John Hemming, 1772 Coventry Road, Birmingham B26 1PB. Hosted by blogspot.com part of Google.com 1600 Amphitheatre Parkway Mountain View, CA 94043, United States of America. This blog is posted by John Hemming in his personal capacity as an individual.

Site Feed

If you want me to respond to any comment please either comment only on the past few entries or put something in your comment to make it clear what you are commenting on (the URL would help). Otherwise I will not be able to find the comment quickly and will not respond.

Links
Links (c) Peter Black (mainly Lib Dem)
Site
Meter eXTReMe Tracker