Tuesday, May 12, 2009

Future tax situation looking unpleasant

UK Tax Freedom Day Falls On May 14

Tax freedom day as actual revenue paid falls on May 14th. So Jan, Feb, Mar, Apr, and half of May you work purely for the state. Now, the bad news is that if we were actually funding current government spending 100% (they were not borrowing) then tax freedom day would be Jan, Feb, Mar, Apr, May, June 25th. Ultimately we do have to cover government spending in one form or another so...

Posted by stillthinking @ 12:27 PM (595 views)
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