2011 - Britons To Spend First Five Months Paying Tax

[singlemalt]

Article Here

Tax Freedom Day is the day when Britons begin working for themselves rather than the taxman and falls on May 30 in 2011, compared to May 27 this year, the Adam Smith Institute revealed.

The main reason for the three extra days is the rise in Value Added Tax, which increases from 17.5 per cent to 20 per cent on January 4.

Tom Clougherty, executive director of the Adam Smith Institute, described Britons as being “desperately overtaxed”.

He said: “As well as hitting every household in the country, the VAT hike is going to dent consumer confidence and put a dampener on our economic recovery.”

He added: “The government is right to give priority to cutting spending and plugging the deficit. But as Tax Freedom Day shows, Britons are still desperately overtaxed. The fact that we spend almost five months working for the State – and only seven months working for ourselves and our families – is a shocking indictment of big, wasteful government.”

Thieves!

[LuckyOne]

Article Here

Tax Freedom Day is the day when Britons begin working for themselves rather than the taxman and falls on May 30 in 2011, compared to May 27 this year, the Adam Smith Institute revealed.

The main reason for the three extra days is the rise in Value Added Tax, which increases from 17.5 per cent to 20 per cent on January 4.

Tom Clougherty, executive director of the Adam Smith Institute, described Britons as being “desperately overtaxed”.

He said: “As well as hitting every household in the country, the VAT hike is going to dent consumer confidence and put a dampener on our economic recovery.”

He added: “The government is right to give priority to cutting spending and plugging the deficit. But as Tax Freedom Day shows, Britons are still desperately overtaxed. The fact that we spend almost five months working for the State – and only seven months working for ourselves and our families – is a shocking indictment of big, wasteful government.”

Thieves!

"Fairness" is a concept that seems to be applied to the beneficiaries of taxpayer efforts but never to those upon whom the burden is imposed.

I think that taxpayers have an idea in their heads about the "fair" burden of taxes that they should bear as a cost of living in the society in which they find themselves.

Intuitively, I would put it at somewhere like the end April (assuming no deficits) which loosely ties in to most of the academic research about the optimal size of the state relative to GDP.

Edited December 29, 2010 by LuckyOne

[ken_ichikawa]

Feudal peasants on the other had normally paid up their rent and dues to the land lord after only 60-70 days of labour....

[Timak]

The Adam Smith Insitute are free to set up their own low tax political party that would offer the low-tax, individualistic system they crave.

Unfortunately for them not enough people share their vision so they sit on the sidelines whinging.

What a way to live a life.

[@contradevian]

Feudal peasants on the other had normally paid up their rent and dues to the land lord after only 60-70 days of labour....

I believe tithing operating under certain religions including christianity was typically 10% of earnings.

[ken_ichikawa]

This is evidence that the British people LOVE high taxes, they never protest against increases like they do in Asia, they want more and more taxes. For some reason they see low taxes as a bad thing.

THose pesky Chinese eh? Paying 10% income tax on average!

[SarahBell]

Can we break it down properly?

2 months paying for old age pensions

2 month for paying for lazy arses to be on dole

1 month paying for rich twats to have free books and child benefit?