Who pays how much tax?

 Who pays how much tax:

Individual taxable income ($) Number of people Tax paid
  (000) % ($m) %
Zero 237 7% 0 0%
1 – 10,000 440 14% 263 1%
10,000 – 20,000 851 26% 2,199 8%
20,000 – 30,000 381 12% 1,746 7%
30,000 – 40,000 352 11% 2,401 9%
40,000 – 50,000 318 10% 3,071 12%
50,000 – 60,000 197 6% 2,549 10%
60,000 – 70,000 148 5% 2,432 9%
70,000 – 80,000 100 3% 2,018 8%
80,000 – 90,000 50 2% 1,212 5%
90,000 – 100,000 35 1% 977 4%
100,000 – 150,000 78 2% 2,953 11%
150,000+ 45 1% 4,108 16%
All 3,232 100% 25,929 100%
Individual taxable income ($) Number of people Tax paid   (000) % ($m) %

This table is sobering reading. It shows we are a very low income country and that 53% of the tax take comes from just 14% of people. The table below shows family assistance for working families:

Family annual income Number of children under 13
before tax ($) One Two Three Four
30,000 142 199 256 328
40,000 118 175 232 304
50,000 84 141 198 270
60,000 43 100 157 229
70,000 3 60 117 189
80,000 0 25 82 154
90,000 0 0 42 114
100,000 0 0 2 74
110,000 0 0 0 39
Family Tax Credit cut-off point 56,000 71,000 84,500 99,500
In-Work Tax Credit cut-off point 71,000 86,000 101,000 119,000
1 – 10,000 440 14% 263 1% 20,000 – 30,000 381 12% 1,746 7%

Doesn’t it seem more than a little stupid to take 39c in tax on earnings over $60,000 then give it back as a benefit?

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