Happy Tax Freedom Day!

May 28, 2014 8:00 AM

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.

Latest Blogs:

TaxPayers' Alliance Icon

What’s wrong with the all-ages graduate tax?

6:09 PM 18, Sep 2017 Jan Zeber

TaxPayers' Alliance Icon

Should taxpayers fund Zumba, facials and spas for the NHS?

4:02 PM 18, Sep 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

Charges and fees and more charges and more fees

12:02 AM 06, Sep 2017 Duncan Simpson

TaxPayers' Alliance Icon

Is PFI profit really a waste of taxpayers’ money?

12:05 PM 31, Aug 2017 Jan Zeber

TaxPayers' Alliance Icon

Action Day: Mid-Cheshire against HS2

4:40 PM 24, Aug 2017 James Price