UK families get less back and pay more, it is official. Whilst Germany has an effective tax rate of 40% and the Netherlands 48% and the best place to live in the world is Chile where effective tax is just 20% the average family in the UK pays 73% of their earnings in tax.
At the last election I tried to calculate what the effective tax rate in Jersey was, but Dr Gibaut (whilst quoted constantly by Senator Bailhache through the hustings) would not provide the figures for me.
Isn't it time one of our representatives asked Dr Gibaut to provide the answer?
I don't believe those figures. There is something wrong with them. Nobody I know in the UK pays 73% of their income in tax. If you get into the top rate, you pay a bit more on that portion of your income, but overall it is less. These figures contractict the one used in that report:
ReplyDeletehttp://www.economist.com/blogs/graphicdetail/2012/10/focus-4
This is not saying income tax is 73%.
ReplyDeleteIt is saying if you take all the taxes which are paid altogether - Income tax, National Insurance, Customs Duties, VAT and all the other stealth taxes that the government levies. Plus all the local government taxation (council taxes etc.). Then that works out to 73% in some cases.
Many governments will avoid using direct taxation precisely so you do not know how much of their money you are stealing.
That's point, I would like to see one of the members of the States of Jersey are the statistics unit to work out what the effective rate of taxation in Jersey is.