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by ID1452319
1304 days ago
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You need to earn £45k a year in order to pay in more Income Tax than you take out. You need a household income of £60k a year to make a net contribution in VAT. Only around 20% of people in Britain earn these amounts, which means 80% of people are taking out more than they contribute. I don't know how this compares to other countries but it is clearly unsustainable and I think that now the era of generous Government handouts and cheap borrowing have come to an end, it is starting to bite. |
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