I see the TPA have announced that we have just celebrated Tax freedom day.
The first 149 working days this year were spent paying taxes to local or central government
We’ve already had a go a lowing this by Raising your Personal tax Allowance. On top of the rise in the personal allowance from April this year, the personal allowance for under 65s will increase by a further £630 to £8,105 in 2012.
The combined impact of this increase, alongside the £1,000 increase announced at last year’s Budget, is to benefit 25 million individuals by up to £326 a year in cash terms and it also means that a total of 1.1 million people will be lifted out of income tax altogether.
Sandwell Tory said
The way the Tax freedom day was going under Labour it would soon be Christmas Day Labour seem to want to take all your money
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