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    (Original post by Jammy Duel)
    Actually they would...

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    Oh come on, this is very simple stuff.

    For the 1% example, if money is unequally spread:

    1 person earns £1million, pays 40% marginal tax: £400,000
    9 people earn £100,000, pays 30% marginal tax: £30,000 * 9 = £270,000
    20 people earn £60,000, pays 20% marginal tax: £12,000 * 20 = £240,000
    30 people earn £30,000 pays 10% marginal tax: £3,000 * 30 = £90,000
    40 people earn £15,000, pay no tax.

    Total money earned: £4.6million. Total tax revenue: £1million, top 1% pays 40% of tax revenue.

    If money is equally spread:
    1 person earns £600,000, pays 40% marginal tax: £240,000
    19 people earn £100,000, pays 30% marginal tax: £30,000 * 19 = £570,000
    20 people earn £60,000, pays 20% marginal tax: £12,000 * 20 = £240,000
    20 people earn £30,000 pays 10% marginal tax: £3,000 * 20 = £60,000
    20 people earn £15,000, pay no tax.

    Total money earned: £4.6million, Total tax revenue: £1.11million, top 1% pays 22% of tax revenue.

    That's a generous model because actually the marginal tax rate would fall slightly for the 1% so the proportion they pay would be even less. If you want to model it a different way (changing the amount each category earns instead of changing the number of people in each category):

    1 person earns £720,000, pays 40% marginal tax: £288,000
    9 people earn £120,000, pays 30% marginal tax: £36,000 * 9 = £324,000
    20 people earn £80,000, pays 20% marginal tax: £16,000 * 20 = £320,000
    30 people earn £40,000 pays 10% marginal tax: £4,000 * 30 = £120,000
    40 people earn £20,000, pay no tax.

    Total money earned: £4.6million. Total tax revenue: £1.052million, top 1% pays 27% of tax revenue.

    Again, it's being generous because the marginal tax rate would decrease for the 1% and increase slightly for the other categories. I've kept it the same to keep things simple.
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    (Original post by cBay)
    Oh come on, this is very simple stuff.

    For the 1% example, if money is unequally spread:

    1 person earns £1million, pays 40% marginal tax: £400,000
    9 people earn £100,000, pays 30% marginal tax: £30,000 * 9 = £270,000
    20 people earn £60,000, pays 20% marginal tax: £12,000 * 20 = £240,000
    30 people earn £30,000 pays 10% marginal tax: £3,000 * 30 = £90,000
    40 people earn £15,000, pay no tax.

    Total money earned: £4.6million. Total tax revenue: £1million, top 1% pays 40% of tax revenue.

    If money is equally spread:
    1 person earns £600,000, pays 40% marginal tax: £240,000
    19 people earn £100,000, pays 30% marginal tax: £30,000 * 19 = £570,000
    20 people earn £60,000, pays 20% marginal tax: £12,000 * 20 = £240,000
    20 people earn £30,000 pays 10% marginal tax: £3,000 * 20 = £60,000
    20 people earn £15,000, pay no tax.

    Total money earned: £4.6million, Total tax revenue: £1.11million, top 1% pays 22% of tax revenue.

    That's a generous model because actually the marginal tax rate would fall slightly for the 1% so the proportion they pay would be even less. If you want to model it a different way (changing the amount each category earns instead of changing the number of people in each category):

    1 person earns £720,000, pays 40% marginal tax: £288,000
    9 people earn £120,000, pays 30% marginal tax: £36,000 * 9 = £324,000
    20 people earn £80,000, pays 20% marginal tax: £16,000 * 20 = £320,000
    30 people earn £40,000 pays 10% marginal tax: £4,000 * 30 = £120,000
    40 people earn £20,000, pay no tax.

    Total money earned: £4.6million. Total tax revenue: £1.052million, top 1% pays 27% of tax revenue.

    Again, it's being generous because the marginal tax rate would decrease for the 1% and increase slightly for the other categories. I've kept it the same to keep things simple.
    Except it's only that simple if only income tax is considered

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    (Original post by Jammy Duel)
    Except it's only that simple if only income tax is considered

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    you were specifically talking about income tax in the first place...

    I can only presume you're now talking about capital gains tax as a tax the rich pay but the poor don't. Capital Gains tax revenue is around £5billion which is comparatively very small.

    VAT disproportionately affects the poor because they are going to spend pretty much all their income whereas the rich only spend like 10% of their disposable income.
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    (Original post by cBay)
    you were specifically talking about income tax in the first place...

    I can only presume you're now talking about capital gains tax as a tax the rich pay but the poor don't. Capital Gains tax revenue is around £5billion which is comparatively very small.

    VAT disproportionately affects the poor because they are going to spend pretty much all their income whereas the rich only spend like 10% of their disposable income.
    Net tax is almost flat

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    Should we appoint a Maths Czar?
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    (Original post by barnetlad)
    Should we appoint a Maths Czar?
    Hi.

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    (Original post by barnetlad)
    Should we appoint a Maths Czar?
    Would like to nominate my mate Ollie, he's just finishing a maths Masters at an actual good uni
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    (Original post by TheDefiniteArticle)
    Would like to nominate my mate Ollie, he's just finishing a maths Masters at an actual good uni
    How good are we talking?

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    (Original post by Jammy Duel)
    How good are we talking?

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    University of Wolverhampton
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    (Original post by Jammy Duel)
    How good are we talking?

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    Oxford.
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    (Original post by TheDefiniteArticle)
    Oxford.
    So pretty much the opposite of what I said.
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    (Original post by TheDefiniteArticle)
    Oxford.
    Oh, theological colleges.
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    (Original post by Lime-man)
    University of Wolverhampton
    That's the one which refuses to be on the league tables, right? :lol:
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    (Original post by The Financier)
    That's the one which refuses to be on the league tables, right? :lol:
    Yep. If you have a degree from there you'd be better off leaving it out of your CV..
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    (Original post by Lime-man)
    Yep. If you have a degree from there you'd be better off leaving it out of your CV..
    They're probably not much better than our local "rivals" Kingston, where staff actually tried to rig the National Student Survey because "if Kingston comes down the bottom [of the league tables], then the bottom line is that nobody is going to want to employ you because they are going to think your degree is ****"
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    (Original post by Jammy Duel)
    Oh, theological colleges.
    Read: the only non-redbrick uni.
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    (Original post by The Financier)
    They're probably not much better than our local "rivals" Kingston, where staff actually tried to rig the National Student Survey because "if Kingston comes down the bottom [of the league tables], then the bottom line is that nobody is going to want to employ you because they are going to think your degree is ****"
    I had the joys of an early call for the NSS, praised the university, and then when I was asked about the SU and said "strongly disagree" they double checked that I said what they thought I'd said, I wonder if they thought afterwards "That guy's probably pretty right wing and is ideologically opposed to the NUS"
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    (Original post by TheDefiniteArticle)
    Read: the only non-redbrick uni.
    Cambridge is redbrick? All the good plate-glass universities are redbrick? The odd former poly that is actually half decent now is red brick?
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    (Original post by The Financier)
    They're probably not much better than our local "rivals" Kingston, where staff actually tried to rig the National Student Survey because "if Kingston comes down the bottom [of the league tables], then the bottom line is that nobody is going to want to employ you because they are going to think your degree is ****"
    Hahaha, doubt they're any better at all :rofl:
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    (Original post by Jammy Duel)
    I had the joys of an early call for the NSS, praised the university, and then when I was asked about the SU and said "strongly disagree" they double checked that I said what they thought I'd said, I wonder if they thought afterwards "That guy's probably pretty right wing and is ideologically opposed to the NUS"
    The NUS isn't just hated by the right-wing though. Unless you're an ultra-left winger or something, it's completely unrepresentative of anyone.
 
 
 
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