Ernst & Young, the accountants, said the tax burden will be 37.6 per cent of GDP this year, rising to 37.8 per cent next year and 38 per cent in 2010-1.

This will be higher than the 37.7 per cent peak reached in the early 1980s when the top rate of income tax was 60 per cent.

It will also be more than the burden of the 1970s when the top rate was 83 per cent.

Link

The Daily Telegraph

# posted by Curly : 8:20 pm