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The redistribution of income within the UK is maintained by one of the worlds largest welfare states. The government currently tries to redistribute income through taxation
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Option A: How do Governments try to redistribute income? Emilia De Wolf The redistribution of income within the UK is maintained by one of the worlds largest welfare states. The government currently tries to redistribute income through taxation and a number of social benefits. Taxation in the UK is progressive and therefore taxes more heavily those who earn more. The taxes which contribute the most money to the welfare state are: 1.Income Tax. The aim of income tax is to acquire money from those who have an income from employment and redistribute it to those in need within the state. It is a progressive tax and is implicated according to an individuals earnings. Income per annum (before tax) 2005-6 % tax to be deducted for Income Tax Up to £4895 0 % £4896-£6985 10% £6986-£37,295 22% (basic rate) £37,295+ 40% (higher rate) 2. National Insurance The aim of National Insurance is to literally 'insure' the members of the UK. In theory citizens pay into...
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