In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.
This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.
The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.
It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.
Two-thirds of millionaires left Britain to avoid 50p tax rate - Telegraph
We have seen some of that happening here with the rich moving from states with high taxation to other states or off shore. It was not that long ago one of our movie stars left France which had imposed higher taxes on the rich.
Does anyone think that the empty rhetoric about the willingness of the rich to pay more really means that? The liberals who support Obama show their true feelings versus the things they tell others.