Happy Tax Freedom Day!
Every year, the Adam Smith Institute calculates Tax Freedom Day - the first day in the year when you finally begin to earn for yourself.
And today, May 28th, is that day. That means that you have worked 148 days of this year solely to pay your taxes.
We think that's far too long. We want to see tax cuts so that people get to keep more of the money that they earned, to spend on their own families. It doesn't make sesnse for politicians to take a huge chunk of cash from people's pay cheques, then dish some of it out in grants and benefits.
Taxes are too high, too complicated and they need to be drastically reformed. Our 2020 Tax Commission - run jointly with the Institute of Directors - mapped out a plan for a simpler and less burdensome tax system. One that would mean you wouldn't be working for 40 per cent of the year just for the tax man.
So Happy Tax Freedom Day. We hope it falls much earlier in the years to come.
2:56 PM 29, Sep 2016 Tom Banks
4:10 PM 28, Sep 2016 The TaxPayers' Alliance
2:08 PM 22, Sep 2016 Sunny Chen
5:12 PM 15, Sep 2016 Dia Chakravarty
3:49 PM 15, Sep 2016 Sunny Chen
11:39 AM 15, Sep 2016 Tom Banks