More retired boomer's pay income tax than generation z according to official data.

[caringcarer]

The article is in the tax year 22-23 5.45 million boomers paid income tax whilst only 5.32 million under 30's did so according to data from HMRC. There are almost a million 16-24 year old NEETs. It was a real eye opener for me. Article behind pay wall so can't link.

And it shows what's dragging the under 30s figure down is the under 20s so I'm not sure what the OPs point is.

What those numbers do show is that the top earning 20%, pay 66% of the total income tax take, regardless of age.

I think that is as it should be.

My dad is in his 90s and pays tax…

In the tax year 22/23 I was working and paying tax as a 70 year old, we don't all retire on a certain date.

I am now retired although as fulltime carer for DH I don't feel particularly retired but that is unpaid so doesn't really count as far as tax goes.

"There were 446,601 people above the age of 70 still in work last year, a rise of 61% compared with 277,926 in 2012, said Rest Less, an online community for the over-50s that offers advice to older workers."

What’s your point?

Aren't there more boomers than under 30 year olds though? They're literally named after being born during a baby boom...

Goes to show that the over 70s (as a group) are really not the financially worst off.

The numbers are a bit meaningless without understanding how many people in each age bracket though. I would imagine there are fewer 20-30 year olds than there are over 70s.

That’s why they are called boomers!

is the OP suggesting that older people have no right to have a decent income?

This is such a blatant manipulation of statistics.

the Boomers are from the baby boom…the biggest generation born 1945 to 1965- a 20yr span of the population.

All 16-18yr olds have to be in full time education or training, they’re not going to earn enough from a PT job to exceed the personal allowance.

So 19-29yr olds, that’s only 10yr span of population and are not Millenials, so half of a smaller generation.

They could not have rigged it better - take the entirety of one of the biggest generations who have amassed a lifetime of final salary pensions and directly compare it to half of a small generation that is just starting out.

I bet they hoped the figures would be a lot different than 5.5m vs 5.3m paying income tax. If anything it shows 19-29yr olds are contributing almost as much as 60-80yr olds.

OP, your numbers are misleading. First off the boomer generation is really large, that's why they are called boomers. Secondly, though there maybe a million NEET's under 30 (this would include both millennials as well as gen z), the rest of the 16-24 will be largely in education and training, if the aren't working already. That still leaves the age group of 25-30, which you provided no numbers for in your initial post.

I don't know what you were trying to achieve by grabbing a few selective numbers together that paint a picture of the younger generation being a bunch of slackers, but I suspect many posters will see right through that.

I imagine she’s suggesting young people are lazy.

Well yes, we pay tax on our incomes, as is right and proper. Would you rather we didn't pay tax? Or do you just want us all to drop dead a week after retirement?

This is spot on.
My Mum complains about a tax bill on her enormous savings.
It's ridiculous.

There are more millennial and gen z than there are baby boomers. It was a boom after the war years but it has been increasing up to recently so boomers are not the largest generation.

My mum pays income tax because she has her own pension from working in the civil service, plus widow payments from my dad's pension plus the state pension. Any decent private pension will take a person over the levels for income tax.

Edit to add my mum is older than boomers she's silent generation

I'm only quoting figures from article in Telegraph newspaper. I can't post link because it's behind a paywall. I'm not suggesting gen z are slackers, just pointing out out almost a million are not in education, employment or training. They are being let down. Also I get fed up of the frequent post complaining about Boomers. You can see 66 percent of the pay income tax. More boomer's pay tax than gen z. Boomers also pay more tax overall than gen z. Boomers not such a burden after all.

I'm actually pointing out boomers are not a burden as often suggested or implied. I was actually quite surprised by the data.

We are gen x and pay tax. We also support our son born early 2000s who without it would be claiming benefits so I feel I pay enough out 😂

Oh, how surprising it was in The Telegraph she says sarcastically, they're rarely known for blatantly pandering to their readership's biases.

I'm not sure where it is often suggested or implied that boomers are a burden? In my experience the opposite is true.

When the media talk about 'the cost of welfare' they rarely point out how much goes to pensioners as opposed to working age people; I imagine because it suits a rightwing narrative to imply the working aged are lazy and feckless and living on free handouts.

Comparing generations is unfair. Many gen z willl be part-time workers who don’t pay tax eg my dd at uni is a part-time barista. Others will be on minimum wage so paying minimal tax as it’s the start of their careers.
They are a generation who often told that they’d have a house if they stopped eating avocado toast and using a smartphone by people with tiny uni debt and the opportunity to buy property at a much lower income multiple. They are not unreasonable to be angry that wages have been pretty stagnant for decades and that the CoL of everything is still shooting up rather than just in recession years.

Boomers paying more tax also doesn’t mean that there’s many in poverty. This data highlights extreme inequality in the system rather than one generation being better than another.

@caringcarer they are though although I don't like the word burden it's more due to the demographic changes. Do you understand that paying more tax doesn't mean you pay enough?

I'm not suggesting gen z are slackers, just pointing out out almost a million are not in education, employment or training.

And 500k over 50s are out of work and they tend to be lower paid, it's increased ill health in their case.

Why would it not be enough? I pay tax on all my income?