Is Income Tax Burden Fairly Shared?
This paper examines who bears the heaviest income tax burden. The coronavirus pandemic is putting pressure on public finances. The Chancellor is facing a difficult decision between stimulating the economy and raising taxes to start closing the very large deficit, but, whatever he chooses, it is all the more important that going forwards the tax burden is fairly shared and that households who are already bearing a disproportionate share of the tax burden should be helped and not required to bear an even greater burden.