Originally Posted by UKCamaroSS

Hi,

I have seen the UK Tax Freedom Day for 2008 was yesterday (June 02nd).

This means for 155 days of the year, every penny earned by the average UK resident was taken to support government expenditures. Overall, the government takes more than 40% of national income.

Tax Freedom Day is calculated by taking the UK's net national income and calculating how much of that is taken away in taxes. These taxes include not just income tax, but VAT, inheritance tax, stamp duty, car and fuel taxes, excise taxes on alcohol and cigarettes, taxes on companies and employment, and many more.

According to the Fraser Institute, Canada's Tax Freedom Day for 2007 was on June 20th... not sure of the date of 2008 - Some dispute the calculations used by Fraser Institute though.

I am amazed at these figures, I thought the taxes were cheaper in Canada.... so, are people in Canada complaining about their high tax rates? Do they feel the tax burdon is too great?

Just for comparison, USA Tax Freedom was on April 23rd 2008, Australia was April 24 2008...

Originally Posted by dthomas

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