Because We Want A Free Future
How much taxes you really pay in the UK
Of £100 earned, 10% is paid in National Insurance contributions (nothing but a euphemism for an additional tax on income) and 23% is paid in Income Tax (40% for higher rate taxpayers). Of the remaining £67 of take-home pay let's say that over a week you spend it thus:
- £15 for a meal out
- £8 on cinema tickets
- £16 in petrol
- £3 put by for electricity
- £7 on some cigarettes
- £9 on a few drinks down the pub
- £4 paid out in insurance premiums
- £3 put aside for Council Tax
- £8 put by for Road Tax
Sound reasonable? Obviously 100% of the last two items are wholly tax. Five per cent of your electric goes to the taxman and 4% of any money you pay to protect yourself with insurance. Of the £23 you spend at the flicks and eating out, 17.5% goes to the government in VAT. While you're enjoying yourself, so is the Treasury; they take £4.03 from you for the evening.
Thirty five per cent of a well-deserved drink goes direct to our masters, and a recent AA campaign serves to remind us that a staggering 85% of the money spent on petrol is snatched by the taxman. Eighty five per cent! But even that is not the worst. The state loves a smoker, of course, and from the money spent on cigarettes an astonishing 88.9% enters its coffers.
It brings tears to the eyes. Altogether, a full £32.31 of that week's
expenses goes straight to the taxman.
Of the £100 earned, £65.31 will have been paid to the government in tax. At the end of the day, all you will have to show for it is £34.69 in goods and services. A higher-rate taxpayer will retain a miserly £21.69.
Oh, and we haven't even taken into consideration the host of taxes on business, employers national insurance contributions, airport taxes, capital gains tax, betting tax, inheritence tax... and then there's stamp duty, where you hand over thousands just because you decide to move house!
Somebody is taking us for a ride.
END CUT
Don't forget TV license!
- £15 for a meal out
- £8 on cinema tickets
- £16 in petrol
- £3 put by for electricity
- £7 on some cigarettes
- £9 on a few drinks down the pub
- £4 paid out in insurance premiums
- £3 put aside for Council Tax
- £8 put by for Road Tax
Sound reasonable? Obviously 100% of the last two items are wholly tax. Five per cent of your electric goes to the taxman and 4% of any money you pay to protect yourself with insurance. Of the £23 you spend at the flicks and eating out, 17.5% goes to the government in VAT. While you're enjoying yourself, so is the Treasury; they take £4.03 from you for the evening.
Thirty five per cent of a well-deserved drink goes direct to our masters, and a recent AA campaign serves to remind us that a staggering 85% of the money spent on petrol is snatched by the taxman. Eighty five per cent! But even that is not the worst. The state loves a smoker, of course, and from the money spent on cigarettes an astonishing 88.9% enters its coffers.
It brings tears to the eyes. Altogether, a full £32.31 of that week's
expenses goes straight to the taxman.
Of the £100 earned, £65.31 will have been paid to the government in tax. At the end of the day, all you will have to show for it is £34.69 in goods and services. A higher-rate taxpayer will retain a miserly £21.69.
Oh, and we haven't even taken into consideration the host of taxes on business, employers national insurance contributions, airport taxes, capital gains tax, betting tax, inheritence tax... and then there's stamp duty, where you hand over thousands just because you decide to move house!
Somebody is taking us for a ride.
END CUT
Don't forget TV license!
Add a Comment
© 2009 Created by Gav Ess on Ning. Create Your Own Social Network
You need to be a member of British Free Youth to add comments!
Join this social network