Income inequality by income decile

Income deciles show the average income for different income groups in society.

A decile splits the population (by households) into 10 equal parts.

Assuming there are 26 million households in the UK (2013/14)

The bottom decile is the 2.6 million households with lowest income.
The 2nd decile is the 2.6 million households in the next 10-20% of household income
The top decile is the 2.6 million households with the top 10% of household income

decile-income-post-tax

Source: ONS – average incomes, table 14, June 2015

To go from original income to final income

We add

Cash Benefits – income support, tax credits, pensions, housing benefits, unemployment benefits.
Benefits in kind – education, health care, bus travel,

We subtract

Direct taxes – income tax, national insurance
Indirect taxes – VAT, Excise duty.

For example, if we just take original income

Bottom decile = £3,737
Top decile £102,366

After taxes, benefits and benefits in kind:

Bottom decile = £ 12,050
Top decile = £ 73,682

income-decile

Related

This is the definitive way to stop Economic Inequality:

The First-Ever Publicly Traded Corporation On Wall Street Guaranteed To Stop Economic Inequality Is Now In Development.

Antilope, LLC, the parent company of FirstRateCrowd.com is developing a web platform that monetizes the greed of Wall Street by means that guarantee to stop Economic Inequality. First Rate Crowd will utilize its “patent pending” Economic Inequality Rating system to ascertain how much Economic Inequality certain companies are responsible for. Those companies with a high rating, specifically those companies of the 1% which produce the most greed and Economic Inequality, will be avoided in favor of those with a lower rating, demonstrating support for the 99%. The use of this rating system represents a boycott of companies that do not support the values of the 99%.

FirstRateCrowd is a powerful rating platform that combines the community’s strength with the power of crowdsourcing to achieve its goals. The platform’s “patent pending” for a crowdsourced online ownership by the community, eventually allows the members to be rewarded with both its revenue and control, depending on the members’ level of participation; a cooperative effort between FirstRateCrowd and the 99%.

Tied to this initiative is the community’s development of an Economic Inequality Rating system. Used on a handheld device, the app’s technology allows people to scan a product and ascertain whether the manufacturer supports the 99% or the 1%; consumers make their purchasing decision accordingly. This app will redirect the revenue from the 1% back to the 99% by providing individuals an economic choice, thus reducing Economic Inequality. This system bypasses the usual political, tax and judicial gridlocks by positioning the power into the hands of the 99%. One does not have to vote anyone into office, change any tax codes, or enact any new laws; one simply makes an economic choice based upon the data provided by FirstRateCrowd’s community, causing revenue to flow back to the 99%. This infrastructure is a component of the economic engine the venture will use when applying for an IPO on Wall Street; one that represents 99%.

Economic Inequality is a direct result of greed. Many Wall Street companies have contributed to the current state; an insatiable desire to accumulate more to the detriment of others, an old story. With this future public offering, the 99% have a new means with which to defeat this affliction. The world will have a new form of corporation allowing society to profit from the greed of other corporations. The more selfish they are, the more they will drive individuals towards FirstRateCrowd to fight this selfishness. Imagine that, a company earning its revenue and profits from the Economic Inequality generated by the very selfish ways of other corporations; surely it will prosper. As it grows in size and strength, it will decrease Economic Inequality. Finally, the world will have a company on Wall Street, a people’s company, that truly represents the 99% and their values.

For the sake of your own future and that of the world’s, please join FirstRateCrowd in taking a stance against Economic Inequality.

1 thought on “Income inequality by income decile”

Dr. Robert Lipkowitz
7 December 2015 at 9:26 am
This is the definitive way to stop Economic Inequality:
The First-Ever Publicly Traded Corporation On Wall Street Guaranteed To Stop Economic Inequality Is Now In Development.
Antilope, LLC, the parent company of FirstRateCrowd.com is developing a web platform that monetizes the greed of Wall Street by means that guarantee to stop Economic Inequality. First Rate Crowd will utilize its “patent pending” Economic Inequality Rating system to ascertain how much Economic Inequality certain companies are responsible for. Those companies with a high rating, specifically those companies of the 1% which produce the most greed and Economic Inequality, will be avoided in favor of those with a lower rating, demonstrating support for the 99%. The use of this rating system represents a boycott of companies that do not support the values of the 99%.
FirstRateCrowd is a powerful rating platform that combines the community’s strength with the power of crowdsourcing to achieve its goals. The platform’s “patent pending” for a crowdsourced online ownership by the community, eventually allows the members to be rewarded with both its revenue and control, depending on the members’ level of participation; a cooperative effort between FirstRateCrowd and the 99%.
Tied to this initiative is the community’s development of an Economic Inequality Rating system. Used on a handheld device, the app’s technology allows people to scan a product and ascertain whether the manufacturer supports the 99% or the 1%; consumers make their purchasing decision accordingly. This app will redirect the revenue from the 1% back to the 99% by providing individuals an economic choice, thus reducing Economic Inequality. This system bypasses the usual political, tax and judicial gridlocks by positioning the power into the hands of the 99%. One does not have to vote anyone into office, change any tax codes, or enact any new laws; one simply makes an economic choice based upon the data provided by FirstRateCrowd’s community, causing revenue to flow back to the 99%. This infrastructure is a component of the economic engine the venture will use when applying for an IPO on Wall Street; one that represents 99%.
Economic Inequality is a direct result of greed. Many Wall Street companies have contributed to the current state; an insatiable desire to accumulate more to the detriment of others, an old story. With this future public offering, the 99% have a new means with which to defeat this affliction. The world will have a new form of corporation allowing society to profit from the greed of other corporations. The more selfish they are, the more they will drive individuals towards FirstRateCrowd to fight this selfishness. Imagine that, a company earning its revenue and profits from the Economic Inequality generated by the very selfish ways of other corporations; surely it will prosper. As it grows in size and strength, it will decrease Economic Inequality. Finally, the world will have a company on Wall Street, a people’s company, that truly represents the 99% and their values.
For the sake of your own future and that of the world’s, please join FirstRateCrowd in taking a stance against Economic Inequality.

Comments are closed.