They say that only two things are certain: Death and Taxes - neither of which are calculable as a final reckoning so to speak ..... well up until now.
The statisticians at the TaxPayers Alliance have used figures gleaned from the Office for National Statistics to at least determine what your likely tax bill for a lifetime will be.
Now I am sure that they update this annually, but I could only find last years figures readily available. So up until 2016, over a lifetime:
By contrast:
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| There Are No Loopholes |
The statisticians at the TaxPayers Alliance have used figures gleaned from the Office for National Statistics to at least determine what your likely tax bill for a lifetime will be.
Now I am sure that they update this annually, but I could only find last years figures readily available. So up until 2016, over a lifetime:
- An average household (a gross household income of £41,027), will pay £826,030 in direct and indirect taxes.
- An average household will pay £287,963 in income tax.
- An average household will pay £169,371 of VAT.
- An average household will pay £107,045 of Employee’s National Insurance Contributions.
- An average household will pay £65,068 of Council Tax.
By contrast:
- An average household in the bottom 20 per cent by income (a gross household income of £13,841), will pay £319,732 in direct and indirect taxes.
- An average household in the top 20 per cent by income (a gross household income of £86,768), will pay £1,686,970 in direct and indirect taxes.
The Trump seems to have found the Tax loophole. Let's hop he hasn't found a loophole for the other one.
ReplyDeleteHe may be impeached before that happens. He may be paving the way for President Winfrey haha .... wont right voting Americans just love that!
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