Andrew Neil was lambasting the Liberal Democrats today (BBC2 Daily Politics 24 September 2012) with the unreferenced factoid: the “top 10% pay 55% of all income tax paid”. Out of context it is meaningless and does nothing other than make Andrew Neil look like a bully.
I wonder how much of all income does the top 10% snaffle? More than 55%? If it is more than 55%, I very much hope that they are paying at least 55% of all income tax paid. Looking at Wealth Accumulation and Total Tax might be even more illuminating.
Are similar figures available for the top 1%, the top 0.1% and the top 0.01%?
Once we know this we may be able to have a more educated debate about the progressiveness of our tax system.