- Nov 11, 2009
- 12,276
These types of simplistic tax policies, like with Child benefit really need to have a much fairer adminstering that takes into account the household rather than the individual. And at the lower end they will appy to working professionals in management or doctors etc, many of whom spent tens of thousands on education, and not just millionairesI remember how this was spun against Labour in 2019. They said they would increase income tax for those earning over £80k. Yet this was repeatedly reported as 'Labour to hike income tax' (without mentioning the £80k), until it became ingrained in the public consciousness. The '2k for every working family' thing may be BS, but people will remember it come election day.
Married or common law without kids, with a joint account often, and you both earn £79k you have a household income of £158k, no kids to feed and dont pay the tax hike.
Married or common law with 2 kids, mum or partner at home bringing up the kids, and one partner earning £90K you're hit with the tax, are classed as richer in the eyes of taxation system.
Similar child benefit, couple earn £49k each they have £98k and get full child benefit. One working partner earns £60k the other nothing, they get nothing.