Sympathy for the consumer

As you can see, the taxman has his hand in all our pockets...

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sympathy-for-the-consumer

After some research last week, I was able to calculate the average percentage of tax paid on some of the “sinful" goods purchased regularly here in the United Kingdom. Keep in mind that these percentages are estimates and only include direct taxes on the products, the VAT and Excise Taxes. I am currently calculating the average tax rates on the same goods in the state of California (to represent the United States’ mid-range for tax rates). I started off with a few popular pub drinks and continued with tobacco and fuel. The findings were quite alarming…

Click 'read more' to fnd out how much tax you're paying on wine, cigarettes, petrol, and more...