With the current political and economical climate I was wondering how much tax I actually pay every month so I spent a quick five minutes working it out. Every month we’ve got those taxes we need to pay:

• Income Tax - 20% a month
• Council Tax - £113 a month
• Road Licence Tax - £15 a month

So that’s the big ones every month but it doesn’t stop there because for everything else (except rent in my case) you pay tax on in the form of VAT at 17.5%. And then if you have any money left after paying all the bills and want to enjoy yourself, you may have to shell out more on added tax on beer or cigarettes for example.

Then there’s the issue with fuel - as well as VAT, there’s also Fuel Duty Tax - an extra 43% per litre.

I’ve worked this out and for my wages it works out that by paying my bills and going to work every day, about 36% of my money goes straight in the governments pockets. And then they piss it all away building big wheels in London instead of using it productively to improve the conditions of living in the country.

Something to think about.

This entry was posted on Wednesday, July 30th, 2008 at 7:25 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.