the video is about the USA, where the situation is similar, though a tad more extreme than the UK. We are not far behind though in terms of obscene wealth. I did a bit of research and I think you are comparing different figures. The top 10 percent pay 27 percent of the tax, yes, BUT they also earn 50 percent of the income available, so in comparison actually pay LESS tax than the middle classes. here it is explained better - the conclusion is that the top 10 percent should be paying 50 percent of the tax bill, not 27 percent.
"This is a completely bogus argument its being used in US too by Republicans. It compares percentage of population with percentage tax rather than percentage wealth with percentage tax. If you earn 30% of the wealth you should pay 30% of the total tax take. ie: a fair payment of tax would be everyone contributing the same percentage of their income so that their total contribution worked out the same as their percentage wealth. If the top 1% of earners only earned 1% of the total taxable income the article would make sense and the outrage about paying 30% of the tax take would be valid but they don't earn 1% of income they earn around 50% of total taxable income, so they are getting a good deal only paying 30% of the tax take. The top 1% with all the tax "efficiencies" and legal avoidance can often end up paying almost no tax on their income. Whereas someone even on middle/low incomes pays around 30% of their income in tax.
- Alexander , Aberdeen, Scotland,
Also it should be worth remembering, that the top 10 percent of earners manage to hide a lot of their true income by using offshore accounts and holdings. None of that gets fairly taken into account either and is possibly where the real criminal waste of resources gets hidden.