UK’s top 0.1% earners have annual income of over half a million, says IFS - short news
Institute for Fiscal Studies report finds highest-paid earners benefit from lower tax rates open to business owners
The top 0.1% of earners in the UK have annual incomes in excess of £500,000, according to a study by a leading thinktank that shows the effect of “unfair” tax rates available to business owners.
More than 50,000 people in the top income bracket account for 6% of all earnings – 60 times greater than their population share, said the Institute for Fiscal..
source: The Guardian - 06.04.2022