StatCounter

Tuesday 20 March 2012

Taxpayer statements

What a brilliant idea.Each taxpayer will get a statement showing how much tax they have paid and what it was spent on. The Treasury have prepared specimen statements that show someone on £25,200 a year sees £5,702.12 of their income go to the Exchequer in direct taxation. Of that, the largest amount goes to welfare which accounts for £1,900.71 (33.33%), followed by £992.91 (17.4%) for health and £743.26 (13%) for education. Other destinations for taxpayers money include interest payments on the national debt which account for £363.12 (6.36%) which is more than goes to defence which is £329.08 for defence and more than double the £153.19 for the police.

I am sure the BBC will find plenty of people who will cause a fuss at the amount of their tax money being  spent on defence but the majority of the public will be shocked to find out that a third of the money they pay in tax goes to welfare payments.

1 comment:

Anonymous said...

If it isn't headed "What We've Pissed Your Money Away On Last Year", I'm going to be very disappointed.