I hear that the latest HMRC figures show that the total amount of income tax collected was £157billionfor the year.
The top 1% of income tax payers paid about 27% of that amount.
Meanwhile the bottom 50% contributed 11% of the total.
So in other words, for every 34p paid in income tax by the likes of me and you, the rich will pay over £42.00.
What a mess we would be in if they all moved their money abroad and hid it in tax havens etc....