The chair of the Charity Commission, Orlando Fraser, said the UK’s top 1% of earners were giving less to charity than they were a decade ago, despite enjoying significant increases in their personal wealth over the same period.
Despite the reduction in the additional rate from 50% to 45% in April 2013, the share of total Income Tax liabilities accounted for by the top 1% of taxpayers by income rose from 25.1% (£39bn of £157bn total) in 2012-13 to 28.3% (£71bn of £251bn total) in 2022-23.
You mean that if you take more off people in tax then they’ll give less to charity? That tax and charity are substitutes for each other?
Well I never. What a horror of a surprise that is then.