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Equality
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2 © 2016 Guardian News and Media Limited or its affiliated companies. All rights reserved http://www.theguardian.com/news/datablog/2012/dec/04/government-spending-department-2011-12
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Task Decide on a tax regime fitting your tax rationale. Use the information given to make sure you generate enough income (the same as currently raised). Present your proposal to the rest of the group. 3
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UK tax system Tax rate Taxable income above your Personal Allowance Basic rate – 20% £0 to £31,785 People with the standard Personal Allowance start paying this rate on income over £10,600 Higher rate – 40% £31,786 to £150,000 People with the standard Personal Allowance start paying this rate on income over £42,385 Additional rate – 45%Over £150,000 4 www.gov.uk
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National Insurance You pay 0% – if you earn below £155 a week (£672 a month) 12% – on earnings from £155 to £815 a week (£672 to £3,532 a month) AND 2% – on earnings over £815 a week (£3,532 a month) 5 www.gov.uk
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Tax Tom, Dick and Harry https://www.youtube.com/watch?v=S6HEH23W_b M 6 TED Talk https://www.youtube.com/watch?v=CKCvf8E7V1g
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Where does the money go? http://wheredoesmymoneygo.org/bubbletree-map.html#/~/total 7 Where does the money come from? http://www.theguardian.com/news/datablog/2010/apr/25/tax-receipts-1963
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Earnings UK RangeNumber of taxpayers £4,745 to £6,0001,440,000 £6,000 to £7,0001,160,000 £7,000 to £8,0001,590,000 £8,000 to £10,0002,950,000 £10,000 to £12,0002,760,000 £12,000 to £15,0003,650,000 £15,000 to £20,0004,950,000 £20,000 to £30,0006,000,000 £30,000 to £50,0004,090,000 £50,000 to £70,000859,000 £70,000 to £100,000410,000 £100,000 to £200,000300,000 £200,000 to £500,00089,000 £500,000 to £1 million16,000 Over £1 million6,000 Total income required £154 Billion http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom 8
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Task Decide on a tax regime fitting your tax rationale. Use the information given to make sure you generate enough income (the same as currently raised). Present your proposal to the rest of the group. 9
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Core Maths Support Programme Highbridge House 16–18 Duke Street Reading RG1 4RU E-mail: cmsp@educationdevelopmenttrust.com Call: 0118 902 1243
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