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There’s Something On Your Back

Noting the approach of Cost of Government Day in the States, Jeff Goldstein offers the following:  

Come sundown on Sunday, you all are free of your 2012 obligations to the government. Which now takes 197 days out of your year. My advice: you begin telling every “progressive” and Democrat you know who tries to engage you or approach you or talk to you or ask something of you, that you’re now closed for business, and would they kindly piss off.

Our own Tax Freedom Day, when Britons start working for themselves rather than for the state, fell on May 29th. Which is to say, for 149 days of the year, every penny earned by the average UK resident will be taken by the government in tax. And,  

Tax Freedom Day only measures the money actually raised by the government in taxes, not the full amount it spends. The government borrows one pound for every four it raises in taxes, so if the full cost of government is considered the Cost of Government Day, this would fall on 23rd June.

So don’t start feeling all superior.

Comments

Anna

This good –from the ASI comments:

Let's see.
Say I pay myself, from my business, 250,000.
Tax: 103,126
NI: 8337
Employer's NI: 33,466
State takes: 144,929
I am left with: 138,536
From every pound I earn the state takes 51p. Then there's VAT, council tax, TV tax, road tax, fuel duty, stamp duty. Then from whatever is left the state will take again a huge share when I die.
Tax freedom day? Sounds like the next day after I die.

Mags

'In the 1960s, there were 18 workers per Medicaid recipient. Today that number is 2.5. There are just 1.2 private sector workers per 1 person on welfare or working for government.'

http://www.aei-ideas.org/2012/07/6-charts-that-show-the-welfare-state-run-amok/

Darleen

Adding to the fun is that Obama has now gutted the work requirement for welfare!

dicentra

Sad to say, Jeff prolly doesn't get the reference in the title.

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