http://www.adamsmith.org/tax-freedom-day/
Tax Freedom Day 2008 falls on 2 June.
This means that for 155 days of the year, every penny earned by the average UK resident was taken to support government expenditures.
Government spending is set to reach £600 billion – £10,000 for person in the UK, and twice as much as in 1997.
If public spending had only grown in line with inflation since then, we could have abolished income tax, corporation tax, capital gains tax and inheritance tax by now, leaving the taxpayer £200 billion better off.
When you factor in government borrowing the picture is even worse – Tax Freedom Day does not come until June 14.
Have fun working for the government.
Tax Freedom Day 2008 falls on 2 June.
This means that for 155 days of the year, every penny earned by the average UK resident was taken to support government expenditures.
Government spending is set to reach £600 billion – £10,000 for person in the UK, and twice as much as in 1997.
If public spending had only grown in line with inflation since then, we could have abolished income tax, corporation tax, capital gains tax and inheritance tax by now, leaving the taxpayer £200 billion better off.
When you factor in government borrowing the picture is even worse – Tax Freedom Day does not come until June 14.
Have fun working for the government.
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