calitom wrote:Grafenwalder wrote:Stooo wrote:I got my tax code notice today from the revenue and as usual there's a breakdown of where my taxes were spent on the back, the smallest amount by far was to the EU.
So what's the excuse?
(not my pic but identical)
A poster on another forum worked it out at a mere few pence per person a week.
13 billion goes from UK to EU. 4 billion spent by EU on UK '
Net 9 billion goes to EU from UK taxes....So A FEW PENCE IS WILDLY inaccurate. More like 200-500 pounds for real taxpayers with real incomes(not rich not poor).
Not a lot of money granted....But 9 billion is still a big number for membership in the club
Oh dear, oh dear - let me explain.
The figure shows that less than 1% ( around £9bn ) is our net contribution to the EU. The mistake you are making is to assume that the UK government gets all of its income from Income Tax. Of course, that isn't the case, or even close. Below is where the money really comes from. Only £319bn of £769bn is income tax and National Insurance.
So £319bn comes as an income related tax, There are around 33m employed (28m employed, 5m self employed) who pay 32/77ths of £9bn.
So 33m pay approx £3.7bn.
That comes to £2.00 a week, or, for the sake of argument 30p a day. Hence the common saying that it costs on average less than a cup of coffee a week. Oh, and The highest earning 1% in the UK pay an estimated 28% of all income tax - hence the burden on the other 99% is actually about £1.40 a week, or 20p a day.....
https://www.ons.gov.uk/employmentandlab ... anuary2018