Happy Tax Freedom Day! (30th May). This year it's taken 149 days for the taxpayers of the United Kingdom to earn enough tax to cover government spending. This does not include deficit spending (which should be viewed as a deferred tax as it has to be financed at some point in the future). If deficit spending WAS included in the tax freedom calculations, according to the Adam Smith Institute, it would take until 8th July to fund our spending.
The video gives a good indication of how much of your salary is already eaten up in taxes, and how much you actually get to take for yourself. It's your money - you've worked for it and earned it - shouldn't you be allowed to keep more of it?
