As the New Year celebrations begin, the TaxPayers' Alliance today reveals that the average person must work for 208 days in the coming year to pay for their share of the cost of government spending and regulation.
Click here to read the full report
This note extends the concept of Tax Freedom Day, which is calculated annually by the Adam Smith Institute. The Cost of Government Day measures the burden of government spending and regulation on individuals. The TaxPayers’ Alliance has calculated the date in the calendar year on which the average person has earned enough gross income to pay for their share of the cost of government spending and regulation.
- The Cost of Government Day in 2012 will be 26 July. When the TPA last calculated this in 2007, it was 23 July
- The average person must work for 208 days in the coming year to pay for their share of government spending and regulation combined
- Of the total above, the average person must work for 179 days in the coming year to pay for their share of the cost of government spending
- The average person will work to pay for government spending in 2012 until 27 June
- Of the total above, the average person must work a further 29 days of the year to pay for their share of the cost of government regulation
- The average person must work for nearly a month to pay off their share of the cost of government regulation in 2012
Click here to read the full report
Matthew Elliott, Chief Executive of the TaxPayers' Alliance, said:
“Taxpayers should be looking forward to toasting in the New Year, instead the enormous cost of Government spending and regulation means they will effectively be working for the Government until the summer. Government spending and expensive regulations are costing more than half of ordinary people’s income and this simply cannot go on. The Government needs to cut spending, get rid of burdensome regulations and cut taxes to get the economy going and leave more taxpayers’ money in their own pockets.”
As the New Year celebrations begin, the TaxPayers' Alliance today reveals that the average person must work for 208 days in the coming year to pay for their share of the cost of government spending and regulation.
Click here to read the full report
This note extends the concept of Tax Freedom Day, which is calculated annually by the Adam Smith Institute. The Cost of Government Day measures the burden of government spending and regulation on individuals. The TaxPayers’ Alliance has calculated the date in the calendar year on which the average person has earned enough gross income to pay for their share of the cost of government spending and regulation.
- The Cost of Government Day in 2012 will be 26 July. When the TPA last calculated this in 2007, it was 23 July
- The average person must work for 208 days in the coming year to pay for their share of government spending and regulation combined
- Of the total above, the average person must work for 179 days in the coming year to pay for their share of the cost of government spending
- The average person will work to pay for government spending in 2012 until 27 June
- Of the total above, the average person must work a further 29 days of the year to pay for their share of the cost of government regulation
- The average person must work for nearly a month to pay off their share of the cost of government regulation in 2012
Click here to read the full report
Matthew Elliott, Chief Executive of the TaxPayers' Alliance, said:
“Taxpayers should be looking forward to toasting in the New Year, instead the enormous cost of Government spending and regulation means they will effectively be working for the Government until the summer. Government spending and expensive regulations are costing more than half of ordinary people’s income and this simply cannot go on. The Government needs to cut spending, get rid of burdensome regulations and cut taxes to get the economy going and leave more taxpayers’ money in their own pockets.”