Tax Freedom Day

The UK's Tax Freedom Day – the day when Britons stop working for the Chancellor and start working for themselves – falls today, 29th of May.


The Adam Smith Institute has calculated that, for 149 days of the year, every penny earned by the average UK resident will be taken by the government in tax. This year’s Tax Freedom Day falls two days later than it did in 2011.

There is more on this on the Adam Smith Institute page:
http://www.adamsmith.org/blog/tax-spending/today-is-tax-freedom-day-2012

Hilariously they also say: “In the Middle Ages a serf only had to work four months of the year for the feudal landlord, whereas in modern Britain people have to toil five months for Osborne’s tax gatherers.”