Submitted by Antony Brookes on Friday 17th March 2023
Published on Friday 24th March 2023
Current status: Closed
Closed: Sunday 24th September 2023
Signatures: 22
Relevant Departments
Apply tax and NI to household income for families with children under 11
Make income tax and National Insurance apply at a household level (with tax allowances and tax band thresholds at twice the rate as for individuals) for families with children under 11.
Single parents of children under 11 should also benefit from the same household tax rates.
Example:
Family 1: only one person works and earns £120,000
Family 2: two people earn £60,000
Family 1 receives approximately £13,000 less after all tax and NI is taken.
Although there is free childcare available, many families don’t want to use childcare in early years and shouldn’t be penalised for doing so.
The US and other countries apply a similar concept.
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18.119.130.36 Fri, 08 Nov 2024 12:25:46 +0000