1 year ago

Tax the Rich or Fair Tax for All

By Michael Edenborough All too often the cry from the Left is that the rich should pay more tax – those with the broadest shoulders should bear the greatest burden. Yet, the top 1% by income already pays 29% of the income tax receipts while the bottom 50% pay just under 10% of receipts, and about 40% of adults pay no income tax at all (HMRC and Institute of Fiscal…