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Equality. 2 © 2016 Guardian News and Media Limited or its affiliated companies. All rights reserved

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Presentation on theme: "Equality. 2 © 2016 Guardian News and Media Limited or its affiliated companies. All rights reserved"— Presentation transcript:

1 Equality

2 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

3 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

4 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

5 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

6 Tax Tom, Dick and Harry https://www.youtube.com/watch?v=S6HEH23W_b M 6 TED Talk https://www.youtube.com/watch?v=CKCvf8E7V1g

7 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

8 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

9 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

10 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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