"The extreme geography of income wealth"

To continue the theme of the previous post ( via City AM) HMRC's Table 2.5 gives a breakdown of Income tax liabilities by income range for 2012-13:

Top 0.1%
Incomes over £500,000, total incomes £44.8 billion, total income tax paid £19.7 billion

Rest of top 1%
Incomes £150,000 to £500,000, total incomes £60.7 billion, total income tax paid £22.5 billion.

Rest of top 10%
Incomes £50,000 to £150,000, total incomes £195.5 billion, total income tax paid £46.6 billion.

Next 45%
Incomes £20,000 to £50,000, total incomes £409 billion, total income tax paid £56.3 billion.

Bottom 45%
Incomes £8,105 to £20,000, total incomes £191.8 billion, total income tax paid £13.9 billion.

Non taxpayers
Approx. 40% of adults with taxable income of £8,105 or less.

Of course, income tax alone is only a quarter of all taxes paid, but assuming that taxes on income and personal wealth generally were halved, the top one per cent would have no problems paying the LVT on their houses based on current site-only rental values (approx. 3% of current selling prices), which would be somewhere in the region of £20 billion a year.