Taxed 50% More
September 29th, 2007 by ThunderDragon
A 50% increase in just a decade? Only Gordon could do it.
The average family hands over 50 per cent more of their annual earnings in tax than they did before Labour came to power a decade ago…
The soaring tax burden has been driven largely by the number of people falling into the higher stamp duty tax band on property, along with rising council tax and increases in the National Insurance contributions.
[Accountancy firm] Smith & Williamson estimates that the total taxes paid by a typical family with two children, buying an ordinary terrace house, have soared from 36p in the pound to 54p since 1997. (The Telegraph)
The soaring tax burden has been driven largely by the number of people falling into the higher stamp duty tax band on property, along with rising council tax and increases in the National Insurance contributions.
[Accountancy firm] Smith & Williamson estimates that the total taxes paid by a typical family with two children, buying an ordinary terrace house, have soared from 36p in the pound to 54p since 1997. (The Telegraph)
So in 2007 we pay 50% more tax than in 1997. Have we got 50% more/better services for it? Bollocks have we. You’d be hard put to prove that we have almost any improvement in public services in the last decade, let alone some worth a 50% increase in our tax burden.
Source: The Telegraph
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