FAMILIES will pay nearly £600,000 in income tax over their lifetimes, new figures reveal.
They will cough up £571,740 — part of a £1.28million lifetime tax bill once VAT, national insurance and other levies are included.
TaxPayers’ Alliance chief executive, John O’Connell, claimed most households were now “tax millionaires” after unveiling his group’s research findings.
He accused governments of failing to get spending under control while demanding taxpayers hand over more and more.
Across all income levels, what it calls the typical household, now spends the equivalent of 19 years of work paying taxes, with the total lifetime bill up by £21,915 in 2022-23 alone.
The figures, based on 2022-23 data, does not include recent tax changes, such as the 2024 national insurance cuts and Labour’s £40billion of tax rises.
It comes as Defence Secretary John Healey yesterday refused to repeat Labour’s election pledge not to raise income tax, VAT or national insurance ahead of Chancellor Rachel Reeves’ budget later this month.
Reports suggest families could also be hit with council tax bills of up to £10,000 a year under plans being weighed up by the Chancellor.
She is considering doubling rates on more than a million homes in the top two council tax bands, according to The Telegraph.
The plan could see bills for a Band G home jump from £3,800 to £7,600, and Band H properties soar from £4,560 to £9,120.
In Rutland, the most expensive area in the country, Band H bills could rocket to £10,800 a year.
Critics warned the move would force pensioners “out of their homes” as many older residents live on fixed incomes and couldn’t afford the hike.
