But are you conflating two things: how much tax we actually pay, and how much tax we feel like we're paying? (c.f., pitch vs frequency).
To use well-worn car analogies: if you're paying Rolls-Royce taxes AND have a Rolls-Royce on the drive you're probably going to feel ok about it. Whereas in the UK we're paying, say, Mercedes taxes but driving around in a Fiat Panda with a couple of bald tyres and rusty wings: you're probably not going to be feeling ok about it.
As the joke goes: in Europe they drive on the left, in the UK we drive on what's left.
Great article. It would be good to include student loans in the breakdown - vast majority of the professional workers in their 20s to early-mid 30s now paying (roughly) extra 7-15% effective income tax.
Excellent and informative data as always. The one thing I'd like to see (maybe it's in your next post?) is how the feeling of being over-taxed compares between countries. Anecdotally (after living in 3 different countries) I would think everyone everywhere feel they're overtaxed, without any relationship to their actual taxation...
Surprising to see our relative tax on workers and very much looking forward to how you reconcile the data to the consensus view that we're all over-taxed
Fascinating data as always, thanks Dan.
But are you conflating two things: how much tax we actually pay, and how much tax we feel like we're paying? (c.f., pitch vs frequency).
To use well-worn car analogies: if you're paying Rolls-Royce taxes AND have a Rolls-Royce on the drive you're probably going to feel ok about it. Whereas in the UK we're paying, say, Mercedes taxes but driving around in a Fiat Panda with a couple of bald tyres and rusty wings: you're probably not going to be feeling ok about it.
As the joke goes: in Europe they drive on the left, in the UK we drive on what's left.
Great article. It would be good to include student loans in the breakdown - vast majority of the professional workers in their 20s to early-mid 30s now paying (roughly) extra 7-15% effective income tax.
Excellent and informative data as always. The one thing I'd like to see (maybe it's in your next post?) is how the feeling of being over-taxed compares between countries. Anecdotally (after living in 3 different countries) I would think everyone everywhere feel they're overtaxed, without any relationship to their actual taxation...
Terrific insights, as always. Your work has such value - and politicians should all read your posts!
Thanks Dan. The work you do is so interesting and important. Keep up the good work
Surprising to see our relative tax on workers and very much looking forward to how you reconcile the data to the consensus view that we're all over-taxed