Quote:
Originally Posted by Paul Norman
I now pay massively over half of all I earn back to the government in taxes, direct and indirect. That is too much! And to add to all this, I dont hear a single politician of any political colour saying anything that makes me believe that they understand economics enough to fix this.
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It might be a lot higher than you think. If you are a 40% tax payer you also pay 12% national insurance and then 17.5% VAT on most things you buy plus council tax and those are just the obvious ones. Of course tax on petrol is 60-70% and the duty on diesel is higher)
So the tax as a % of your earnings you pay over to the government might be close to 60% or more (eg: if you buy a house)