When
do you stop working for the Government and start to
earn for yourself?
Tax
Freedom Day is the first day of the year, when people
in the country have finally earned enough income to
pay for just their contribution of taxes. Remember
taxation is involuntary and enforced with civil and
criminal prosecution - so the average person just
has to do as they're told and hand over the money
over (under threat).
After
all taxes are essential! Maybe less is going towards
the healthcare system, already poor council services
and education - including cutbacks for nurses, police
officers and teachers BUT it appears that it is necessary
to still fund illegal Wars, private corporation bailouts,
Royal weddings and refurbs to Downing Street - that's
right £680k of taxpayer money this year is being
spent by the PM. (source: www.dailymail.co.uk)
Didn't
you know - the austerity cuts only apply to you the
taxpayer!? How ironic!
So
when is Tax Freedom Day? 30th May 2011 (for Brits)
United
Kingdom
Britons
will stop working for the government and start working
for themselves on 30th May 2011. That means they will
work for 149 days to pay their taxes in 2011 with
every penny earned taken by the taxman to support
government expenditure (see above).
Apparently
this is 3 days more than in 2010 due to the fact the
government has raised VAT, in an attempt to help reduce
the UK’s record budget deficit.
“The
government is right to give priority to cutting spending
and plugging the deficit. But as Tax Freedom Day shows,
Britons are still desperately overtaxed. The fact
that we spend almost five months working for the State
– and only seven months working for ourselves
and our families – is a shocking indictment
of big, wasteful government.” - Tom Clougherty,
executive director of the Adam Smith Institute
Find out more about how taxes work and how you can
avoid working 5 months for the Government. Every man
has the right to manage his affairs in order to minimise
and avoid tax, it is his duty to do so.
Note:
Tax avoidance is legal, whereas tax evasion
is illegal.
"Any
one may so arrange his affairs that his taxes
shall be as low as possible; he is not bound
to choose that pattern which will best pay the
Treasury; there is not even a patriotic duty
to increase one's taxes." - Judge Learned
Hand
At
least Tax Freedom Day falls on a Bank Holiday,
so enjoy it with a drink in your and know that
the rest of the Year belongs to YOU! (Just don't
wonder what the tax duty paid on the alcohol
is funding)
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United States of America
In
the USA Tax Freedom Day for the country was 12th April
2011.
Tax
Freedom Day varies among the 50 U.S. states, as incomes
and state & local taxes differ from state to state
so much that Mississippi was the first to celebrate
its Tax Freedom Day on 26th March, just 85 days into
2011. Connecticut was the last, having to waiting
till 2nd May, 122 days into 2011.
The
Tax Foundation says this shift toward a lower tax
burden since 2007 has been driven by three factors:
But
even with today's tax reductions, the Tax Foundation
says Americans will pay more in taxes in 2011 than
they will spend on groceries, clothing and shelter
combined.
"America
is a land of taxation that was founded to avoid taxation."
- Laurence J. Peter
Worldwide
Tax Comparison
Many
other organizations in countries throughout the world
now produce their own "Tax Freedom Day"
analysis. Due to the different ways that nations collect
and categorize public finance data, however, Tax Freedom
Days are not comparable from one country to another
as this example table shows.
| Country |
Day
of year |
%
burden |
Date
of year |
| India |
74 |
20.0% |
14
Mar |
| Uruguay |
133 |
38.6% |
13
May |
| Czech
Republic |
161 |
44.1%
|
11
Jun |
| Norway |
210 |
56.7% |
29
Jul |
