Thursday, March 22, 2012
Meanwhile - in the U.K. - Tax statements to show welfare costs
I think this is a really GOOD idea.
It will highlight the high cost of welfare as a personal contribution, and those who don't pay attention to the news will see it right in front of them...
It will highlight the high cost of welfare as a personal contribution, and those who don't pay attention to the news will see it right in front of them...
James Chapman has the story in the U.K. Daily Mail:
"Every taxpayer is to get a personal annual statement revealing how each pound taken from them by the Revenue is spent.
George Osborne will announce the radical move in tomorrow’s Budget, saying every worker has the right to know how their taxes are spent once the money enters the public purse.
In some cases, the results are likely to prove startling.
A higher-rate taxpayer earning £50,000 this year would be told they paid £14,183 in tax and National Insurance – of which around a third, £4,727.67, is spent on welfare."
