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WHEN IS BRITAIN'S TAX ‐ FREEDOM DAY ?
Author(s) -
Smith David B.
Publication year - 2002
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00382
Subject(s) - sight , welfare , economics , tax reform , day to day , state (computer science) , public economics , income tax , law and economics , market economy , mathematics , operations management , physics , algorithm , astronomy
The concept of the nation's ‘tax‐freedom day’ is a brilliantly simple expository device and always attracts media attention when it is announced. However, the calculation of tax‐freedom day is more difficult than it appears at first sight, because of the problems involved in defining, let alone measuring, both a nation's taxes and its income. Equally plausible measures of tax‐freedom day can differ by several weeks. However, the underlying concept remains one of the most vivid ways available of bringing home to ordinary citizens the costs of today's welfare state.