Work for 208 days (57%) each year to pay for wars, government debts, EU, bank bailouts, inefficiencies, back-handers, aid to non-deserving countries, tax write-off by the HMRC, gold-plated pensions schemes, ludicrous state salaries, etc. and then you really start earning.
27,000 pensioners are expected to die (over and above other deaths) of hypothermia this winter. Children are going hungry. Homelessness on the increasee. Etc. …
Oh, and then pay more tax & duty every time your spend. So, the real figures must be in the +70%.
Feel like a slave yet?
Have you had enough yet?
Welcome to 2012.
Don’t worry though, quanties of X-Factor, the soaps and suchlike will increase – can’t have you having time to think or do anything about it.
Taxpayers will have to work until 26 July to pay for the cost of government in 2012 – three more days than in 2007
As the New Year celebrations begin, the TaxPayers’ Alliance today reveals that the average person must work for 208 days in the coming year to pay for their share of the cost of government spending and regulation.
This note extends the concept of Tax Freedom Day, which is calculated annually by the Adam Smith Institute. The Cost of Government Day measures the burden of government spending and regulation on individuals. The TaxPayers’ Alliance has calculated the date in the calendar year on which the average person has earned enough gross income to pay for their share of the cost of government spending and regulation.
- The Cost of Government Day in 2012 will be 26 July. When the TPA last calculated this in 2007, it was 23 July.
- The average person must work for 208 days in the coming year to pay for their share of government spending and regulation combined.
- Of the total above, the average person must work for 179 days in the coming year to pay for their share of the cost of government spending.
- The average person will work to pay for government spending in 2012 until 27 June.
- Of the total above, the average person must work a further 29 days of the year to pay for their share of the cost of government regulation.
- The average person must work for nearly a month to pay off their share of the cost of government regulation in 2012.
Matthew Elliott, Chief Executive of the TaxPayers’ Alliance, said:
“Taxpayers should be looking forward to toasting in the New Year, instead the enormous cost of Government spending and regulation means they will effectively be working for the Government until the summer. Government spending and expensive regulations are costing more than half of ordinary people’s income and this simply cannot go on. The Government needs to cut spending, get rid of burdensome regulations and cut taxes to get the economy going and leave more taxpayers’ money in their own pockets.”