Submitted on Thursday 1st September 2011
Published on Tuesday 13th September 2011
Current status: Closed
Closed: Thursday 13th September 2012
Signatures: 8
Tagged with
Child ~ Individuals ~ Money ~ Tax
Child benefit should only be withdrawn from families with an equivocal income of two 40% tax payers (around £85k gross) vs a single 40% tax income
For a family with an gross income of £42500 to lose their child benefit is completely absurd when a familly next door earning £82000 (2 individuals at £41000) will still qualify. In simple terms, a single eldest child will recieve £1055 per annum. To even cover this drop, when taking into account a 40% taxation and NI, you would need to earn in excess of £2000 extra per year!!
The excuse from the government of saving money is very short sighted. Like many individuals I could earn £3-5K more per year but choose not to for fear of loosing my allowance. What is the point? I'd rather spend the time at home with my familly. The Goverment will loose more money from not being able to tax this potential income than they will by removing the benefit! Go figure!
Let all families have the potential to earn the same gross income regardless of individual wage before penalising them. Encourage prosperity in familliy units rather than hinder it.
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3.12.153.105 Thu, 14 Nov 2024 22:54:59 +0000