Growth

[Kit Kat Chunky]

Are you the same poster that has been complaining that we are taxed too much, because it appears you have just posted a chart that shows there are only 8 countries that have less tax (taking into account that is 2022 and we may have moved right)

This is merely tax on earnings B1. I'm illustrating that the median earner in the UK is currently relatively lightly taxed. 

The tax burden falls much more heavily on higher earners already, as a progressive system ought to - but creating the disincentives I've bored you all about for years - but which are now coming home to roost in "quiet quitting" in particular, which any sane system of taxation ought to be able to avoid. 

I've also explained the perverse incentives for businesses already created by the tax system which mean you won't really get any more from them.

That's without even mentioning Council Tax & Business Rates neither of which have any basis in fairness nor reality (and never did). We already know Council Tax is going up by 5% each year plus whatever the police & fire service need. I expect I'll be paying £5,000 per annum in a few years time by the time we're quietly quitting.

Rachel Reeves knows there is only one place she can realistically go for the amount of tax she needs, and that is to median earners. Having ruled out increases in the basic rate and NI that either means fiscal drag forever or another volte face. Whichever way you look at it, it will be lower and middle earners who have to make up the difference - you can't squeeze the pips for everyone else forever - as illustrated in that chart.

And the BBC are looking to add the price of a TV Licence onto your Council Tax too.