Uh_huh_him
Well-known member
- Sep 28, 2011
- 12,136
A couple of things to consider.
Total earned income for charities in England and Wales raising £10k or more pa is a tad over £70Bn pa.
1p in the £ increases in all bands of Income Tax, or VAT, or NI each raise ~£5Bn pa.
Thus, a 14p in the £ increase in Income Tax would remove the need for charities to do any fund raising in England and Wales. If you wanted to include Scotland and NI in your scheme, you'd need to raise taxes more still. And more again if you wanted to cover tiny charities too.
Wow that is interesting. That is a colossal amount of money.
Do you happen to know the breakdown of this revenue?
Is it all from donations,or are there other revenue streams available to charities? (investments, Government grants, etc.)
I would be surprised if the bulk of this is from donations from the general public.
I assume corporate giving is the largest contributor.