Here's how much you must earn to fall within the top 1% of UK taxpayers
Along with every other journalist in London, we made a detour this week to visit the protestors camping in the cold outside St. Paul's Cathedral.
Along with other journalists at other protests we concluded that the crowd was disproportionately young, global, and unsurprisingly anti-capitalist.
Interestingly, however, most of the protestors we spoke to considered the 1% of people they're protesting against to be earning far more money than they actually are.
As we said in February, you will fall into the top 1% of UK income taxpayers if you earn
anything more than 149k.
A quick straw poll of protestors suggested they imagine the top 1% to start at people earning seven figures, with most guessing 2m+. Only one, a 50 year old recently unemployed social worker guessed the 1% starting point correctly. "The income tax system should be like the 1970s," he suggested, "30% tax below 150k; 90% above."
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