Quote:
Originally Posted by Nodrog
Its impossible to calculate how much of your income is taxed indirectly, but 60% doesnt sound that unreasonable. Taxation as a %ge of GDP is 46%
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Where are you getting 46% from? The figures I've seen for taxation as share of UK GDP is closer to 41-43%. The treasury figures forecast government revenue at something like £516bn. GDP would have to be lower than the value for 3-4 years ago for that to represent 46%.
But looking at national figures isn't terribly meaningful when talking about an individual person who earns £30k anyway. It's not as likely to be as high for someone on £30k than someone on £100k, and the 41-46% range includes things like taxes on North Sea Oil, surpluses from public corporations, etc.