Ostroff, Fair and Company
*Ostroff, Fair and Company>>>United Kingdom Taxes

How Much Tax Dose The Average Person Pay?


(UK) I was wondering how much tax an average person in the UK pays per year, including income tax, VAT, council tax, and any tax really. If i could have some links or evidence that would be absolutley great, thanks.

Far too much!
35% - 40%
For 2006 the average person in the UK will pay 41.918% of their income in tax.

This is the equivalent of paying everything you earn up to 3rd June to the Government and keeping what you earn after 3rd June for yourself. This date is known as Tax Freedom Day and it will come as no surprise to learn that in most years TFD gets later and later.

Recent TFD days in the UK have been: 2003 - May 26th, 2004 - May 28th, 2005 - May 31st, 2006 - June 3rd.

This compares to the US which has a TFD of 11th April (equal to 27.671% of income) and the EU as a whole which has a TFD of 28th June (equal to 49.041% oif income).
Adam Smith Institute - http://www.adamsmith.org/
Adam Smith Instirute TFD - http://www.adamsmith.org/tax/
BBC - http://news.bbc.co.uk/1/hi/business/4586...
Tags
Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes India Taxes
Related information
  • I am a pro gambler - i.e it is my only source of income. Do i need to declare my winnings to the taxman?
  • Why doesn't the government put another penny on income tax and then we can all get a fair pension?
  • Phone number for wigan tax office?
  • Need a National Insurnace Number?
  • I will be working overseas next year, how do I claim tax-free status?
  • What are the purposes of taxation, except the fiscal one? please explain!?
  • Question about charging VAT on commercial vehicle sale?
  • Is it possible to opt out of National Insurance contributions scheme in the UK.?
    • 　

    Finance Categories--Copyright/IP Policy--Contact Webmaster