Today the Telegraph had an article claiming that “the top one per cent of British earners are now paying almost 30 per cent of all income tax.” It’s then painted as a bad, unexpected revelation. But I’m not sure that should be the case. In one of my mini-Ben Goldacre moments, I think it’s one of those areas where your intuition and the numbers don’t necessarily align.
This post isn’t about politics or fairness or even, really, taxes. Instead it’s about maths, because what the story fails to say is that you would absolutely expect a small number of high earners to foot most of the bill.