Just seen this (a bit overdue):
"The Adam Smith Institute copies a US right wing think tank in publishing a ‘tax freedom day’ for the UK. They claim it is on 2nd June.
But that’s a very selective view of ‘tax freedom day’. That happens to be the day when, they say, a taxpayer on average income, including indirect taxes, local taxes and National Insurance contributions, has paid all their taxes for the year, their remaining earnings being theirs to spend as they then will.
But there’s a major problem in that calculation. Not everyone pays tax at the rate a person on average earnings pays. Far from it in fact."
Via the Other Taxpayers Alliance site.
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