Jump to content
House Price Crash Forum
Sign in to follow this  
singlemalt

2011 - Britons To Spend First Five Months Paying Tax

Recommended Posts

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!

Share this post


Link to post
Share on other sites

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 by LuckyOne

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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!

Share this post


Link to post
Share on other sites

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?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.