I mean, it depends on whether you start then going down the route of “How much of the salaries of the Civil Servants are taxed?” or not, but yes, eventually everything is taxed and all money goes to the exchequer.
It is worth noting that Government spending is £1.2tn per annum, but the UK has an M1 money supply (I think this is the reasonable comparison) of only ~£2.2tn. So the state spends in a year money equivalent to more than half of the regularly available money at any one time.
Agreed. VAT and council tax are also coming out of your income. The actual amount of monthly income which an ordinary person surrenders to the state each month in one form of tax or another is probably over 50%, maybe over 60%.
I once totted up mine and it got over 80%.
Takes a long time though. Need to look at things like profit margin of where you have spent money (eg 2-4% for super markets). And then also their outgoings on salaries and then make some assumptions.
And that’s before you remember the effects of inflation caused by printing money that’s stealing your savings.
