Friday, Dec 22, 2006

Britons pay almost a quarter of their wages towards taxes

Free Help Advice: Britons pay almost a quarter of their wages towards taxes

According to the detailed national accounts for the third quarter released yesterday, the tax burden on households in the UK has risen to its highest level since modern records began, while the growth in income has slowed substantially.

Posted by matt @ 03:07 PM (532 views)
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7 Comments

1. Turnbull2000 said...

Seems accurate. Just checked my pay slip and my tax burden is 24%. If I include student loan deductions, then this figure reaches 26%.

I've only been in employment since 2001, so I'm not aware of the tax burden before this year. Can anyone shed light on this?

Friday, December 22, 2006 09:56PM Report Comment
 

2. Enuii said...

Add in the burden an employer pays as well and the actual level of tax paid on that persons job can easily exceed 50% for even modest wage earners these days if VAT and Employers NI are considered. Most employees do not even realise the level of hidden taxes and knock-on costs associated with their wages. Even the Mob would be hard pushed to extort the amount of money HM Govt does!

Friday, December 22, 2006 10:55PM Report Comment
 

3. little professor said...

Dude, please stop spamming your blog here. It's getting really annoying.

Friday, December 22, 2006 11:07PM Report Comment
 

4. Rimmer said...

Well tell us something we dont know, what should be more worrying is we pay more tax than ever and its still not meeting the needs, i predict Gordon will be proved the worst Chancellor for 50 years - no more tax and spend, no more boom and bust - yeh right

Saturday, December 23, 2006 11:06AM Report Comment
 

5. Indiablue19 said...

Sounds extremely low. Most pay that on income, but add in council tax, NI, VAT, petrol taxes, registration fees for everything from car to Tele, etc., etc., and I'll bet the real figure is more like 50 to 60%.

Monday, December 25, 2006 04:58PM Report Comment
 

6. indiablue19 said...

Sounds extremely low. Most pay that on income, but add in council tax, NI, VAT, petrol taxes, registration fees for everything from car to Tele, etc., etc., and I'll bet the real figure is more like 50 to 60%.

Monday, December 25, 2006 04:59PM Report Comment
 

7. Taffe said...

don't worry,we've put the excess on credit cards!

Tuesday, December 26, 2006 08:06PM Report Comment
 

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