Today is Tax Freedom Day – the first day of the calendar year that Britons stop working for the state and start working for themselves. This year, we’ve worked for a full 5 months this year to pay their taxes, with every penny earned in the UK between January 1 and May 29 taken by the taxman to support government expenditure.
via Tax Freedom Day 2011.
It would be interesting to know whether “tax freedom day” is getting earlier or later in the year as the years roll.
I have heard of tax freedom day but have not come upon a clear definition. Is it only related to income tax or say, income tax, council tax, value added tax and petroleum duty?