Tomorrow is Tax Freedom Day

Good news. Tomorrow is Tax Freedom Day. This means everything you have earnt up to tomorrow has gone to the Government to fund its spending, and you get to keep everything from tomorrow onwards.

I’d love tax freedom day to be held in March. That won’t happen anytime soon, but what would be realistic is a goal of having government spending no more than 30% of GDP. I’d like the Fiscal Responsibility Act amended so that a Government has to publicly state what its target or limit for government spending will be. This would not be binding, but would give some transparency over Government policy, and allow a more informed choice between parties.