The line graph clearly gives the percentage change in taxation and consumer credit from 1990 to 2010, while the Bar chart shows the purchasing power of the UK’s people including foods, house hold appliances and clothing between two decades. At a glance, two figures illustrate that the tax rate has a negative impact on people’s purchasing power.
The purchasing power of the UK’s people has two peak points in 1995 and 2005, but before that it reached its lowest level in 2000. It can be seen that with the increase in income and the reduction of taxes, people bought more food. Also, the higher the tax rate, the more likely people were to buy food.
People's attention to the purchase of house appliances and clothing reached its highest level in 2005. This year, due to the negative tax rate and a significant increase in income, people devoted a larger share of their income to the purchase of such items. Of course, a few years ago, in 2000, this amount reached its lowest level.
In general, according to the figures, the lower the income and the higher the tax rate, the more people pay attention to buying food.
The line graph
clearly
gives the percentage
change
in taxation and consumer credit from 1990 to 2010, while the Bar chart
shows
the purchasing power of the UK’s
people
including foods,
house
hold appliances and clothing between two decades. At a glance, two figures illustrate that the
tax
rate
has a
negative
impact on
people’s
purchasing power.
The purchasing power of the UK’s
people
has
two peak points in 1995 and 2005,
but
before
that it reached its lowest level in 2000. It can be
seen
that with the increase in
income
and the reduction of
taxes
,
people
bought
more food.
Also
, the higher the
tax
rate
, the more likely
people
were to
buy
food.
People
's attention to the
purchase
of
house
appliances and clothing reached its highest level in 2005. This year, due to the
negative
tax
rate
and a significant increase in
income
,
people
devoted a larger share of their
income
to the
purchase
of such items.
Of course
, a few years ago, in 2000, this amount reached its lowest level.
In general
, according to the figures, the lower the
income
and the higher the
tax
rate
, the more
people
pay attention to buying food.