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Sunday, June 12, 2005

Taxing questions

Given that GF pays tax. He wonders how many taxpayers there are in the UK.

Assuming a population of 60M, there are probably about 20M people under the age of 16 or over the age of 65... so that leaves 40M adults who are possible tax payers. Of these there are say 1.5M unemployed, 2M disabled, 6M working below the tax threshold... leaving say 30M. Of these, let us assume 5M are non-employed (by this GF means people who choose not to take employment, i.e. home-makers). So that brings us down to about 25M income-tax payers.

Well my estimate above would imply that loss of the EU rebate would mean that my Euro-tax contibution would increase by 120 Euros p.a. to about 600 Euros per annum. (Based on UK's 2003 contribution of 15B Euros)

Would anyone care to correct these figures? Do we all realise that we are paying that much Euro-tax?

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