Budget 2010: Tax has doubled under Labour

[itsnotoutthere]

The Government's share of what we earn has nearly doubled in value since Labour came to power.

Despite long-forgotten promises not to raise income tax, the Government's share of what we earn has nearly doubled in value since Labour came to power, according to HM Revenue & Customs' statistics.

These show that HMRC took £69bn out of salaries and pay packets in 1997, but expects to raise £134bn in 2010. National Insurance contributions (NICs) a tax on income by another name took less than £47bn out of pay 13 years ago, but will exceed £98bn in 2010, according to calculations by accountants Grant Thornton. Other taxes such as stamp duty, council tax and capital gains tax (CGT) have risen by even more

Mike Warburton, of accountants Grant Thornton, said: "Even after recent falls in revenue, the taxman now takes almost twice as much as in 1997. Stamp duty, CGT and council tax have more than doubled.

"It is surprising that duties have not done so but don't be fooled. The motorist is paying heavily. It is duty on alcohol, tobacco and betting that have fallen behind inflation arguably because this is what matters to many core Labour voters.

Link :- http://uk.finance.yahoo.com/news/budget-2010-tax-has-doubled-under-labour-tele-ec0fad81d284.html?x=0

[danielost]

so how goes that free health care again.

[itsnotoutthere]

The free health care is fine. This is about a government that thought they could spend their way out of recession.