0Is the UK tax system fair?
In this finance Core Maths resource students explore income tax and national insurance. They are asked to design a tax regime that fits their rationale and generates enough income (£154bn), using the data below:
|
Range |
Number of taxpayers |
|
£4,745 to £6,000 |
1,440,000 |
|
£6,000 to £7,000 |
1,160,000 |
|
£7,000 to £8,000 |
1,590,000 |
|
£8,000 to £10,000 |
2,950,000 |
|
£10,000 to £12,000 |
2,760,000 |
|
£12,000 to £15,000 |
3,650,000 |
|
£15,000 to £20,000 |
4,950,000 |
|
£20,000 to £30,000 |
6,000,000 |
|
£30,000 to £50,000 |
4,090,000 |
|
£50,000 to £70,000 |
859,000 |
|
£70,000 to £100,000 |
410,000 |
|
£100,000 to £200,000 |
300,000 |
|
£200,000 to £500,000 |
89,000 |
|
£500,000 to £1 million |
16,000 |
|
Over £1 million |
6,000 |
The resource includes links to useful sites and videos to enable the discussion, as well as teacher notes and an activity sheet. It can be found here:
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Core Maths resource collection