Monday 28 May 2012

Find out which drain your money was poured down

THE Government's new Tax Calculator – an online tool which shows people what their income tax and National Insurance contributions are spent on – has revealed that 80% of our money has gone on the Government's new Tax Calculator.

The calculator, available through the HMRC website, crashed hours after launching this morning when the proprietors of all Britain's daily newspapers logged on at the same time, to find out whether they were successfully avoiding 100% of their tax obligations, or merely 98%.

While the majority of our cash has been spent on the Tax Calculator itself, the next biggest spending areas are: Health (7%), Education (3%), Defence (2.1%), and Theresa May's hair extensions (1.2%) .

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