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.
Tags: Adam Smith Institute, Liberty, Tax
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?