http://devilskitchen.me.uk/2007/10/dump-income-tax.html''In 2006/07, government spending was £586.6 billion.
In 2002/03, government spending was £420.8 billion.
In 2006/07, income tax receipts were £152.5 billion.
In other words,
if we returned to 2002/03 levels of government spending, we could abolish Income Tax for everyone, and still have £13.3 billion left over!''
The £13.3 billion left over is enough to abolish, at 2006/07 figures:
Inheritance Tax (£3.9 bn)
Capital Gains Tax (£4.6 bn)
Duty on Wine (£2.5 bn)
Duty on Spirits (£2.3 bn)
New Labour are taking almost 41% more tax than they were 7 years ago. Where the f--- has it all gone?''
-----
Nothing more than fun with figures, but it helps put things in perspective wiuth Labour running around warning of 'wreck and ruin' on IHT.