singlemalt Posted December 29, 2010 Report Share Posted December 29, 2010 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! Quote Link to post Share on other sites
LuckyOne Posted December 29, 2010 Report Share Posted December 29, 2010 (edited) 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 Quote Link to post Share on other sites
ken_ichikawa Posted December 29, 2010 Report Share Posted December 29, 2010 Feudal peasants on the other had normally paid up their rent and dues to the land lord after only 60-70 days of labour.... Quote Link to post Share on other sites
Timak Posted December 29, 2010 Report Share Posted December 29, 2010 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. Quote Link to post Share on other sites
@contradevian Posted December 29, 2010 Report Share Posted December 29, 2010 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. Quote Link to post Share on other sites
ken_ichikawa Posted December 29, 2010 Report Share Posted December 29, 2010 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! Quote Link to post Share on other sites
SarahBell Posted December 29, 2010 Report Share Posted December 29, 2010 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? Quote Link to post Share on other sites
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