parliamentary information office: Because of the farcical way this policy is being implemented I think people will be more determined than normal to avoid these changes if they can.
Those that can afford to will pay extra into a pension - particularly those at a £50k-£60k level. The self employed will manipulate earnings to their best advantage. The unmarried may well claim to not be in a relationship. People will claim to live at different addresses.
Of course, if people pay more into a pension, they have less to spend now. They will cut back accordingly. Hardly helping the economy is it?
Someone on £50k with 3 kids faces an effective tax rate of 67% on any pay increase. That's ridiculous. Nobody should be taxed at 67%
For the government it's all about trying to make a political point. If they can get the majority to believe this is a good thing and that the 'rich' are being made to pay then they will think they've done well.
I suspect the cost of administering this will end up outweighing any savings.
parliamentary information office: Just like the US corporations that we are all so angry at, people will find ways to play the system, guided by the accountancy and tax consultancy profession. There are too many loopholes and stupid inconsistencies, such as two 50K earners retaining their child benefit but the family that relies on a single 100K earner loses out.
We need to simplify our tax system and stop the shell game of wealth redistribution through outdated allowances and benefits. Make the safety net exactly that and ensure that benefits are subsistance only.
parliamentary information office: Why don't the puppets of the Elite stop thieving from the taxpayer, stop aid to other countries, cease paying Child Benefit to children that arent born/live here, Get us OUT of the EU.. ( the list is endless).....hows about.....you corrupt bunch sacrifice your salaries, stop sponging off the tax payer and live like us poor plebs who are in it together...!
parliamentary information office: would make more sense to make cuts in Govt spending and spend 50% of the saving on income tax cuts. Get rid of child benefit and expensive to administer tax credits altogether in the process to ensure that having children is no longer a way of making money for some, perpetuating and expanding the culture of the welfare trap.
Parliament News 2012 - parliamentary information office
Those that can afford to will pay extra into a pension - particularly those at a £50k-£60k level. The self employed will manipulate earnings to their best advantage. The unmarried may well claim to not be in a relationship. People will claim to live at different addresses.
Of course, if people pay more into a pension, they have less to spend now. They will cut back accordingly. Hardly helping the economy is it?
Someone on £50k with 3 kids faces an effective tax rate of 67% on any pay increase. That's ridiculous. Nobody should be taxed at 67%
For the government it's all about trying to make a political point. If they can get the majority to believe this is a good thing and that the 'rich' are being made to pay then they will think they've done well.
I suspect the cost of administering this will end up outweighing any savings.
parliamentary information office: Just like the US corporations that we are all so angry at, people will find ways to play the system, guided by the accountancy and tax consultancy profession. There are too many loopholes and stupid inconsistencies, such as two 50K earners retaining their child benefit but the family that relies on a single 100K earner loses out.
We need to simplify our tax system and stop the shell game of wealth redistribution through outdated allowances and benefits. Make the safety net exactly that and ensure that benefits are subsistance only.
parliamentary information office: Why don't the puppets of the Elite stop thieving from the taxpayer, stop aid to other countries, cease paying Child Benefit to children that arent born/live here, Get us OUT of the EU.. ( the list is endless).....hows about.....you corrupt bunch sacrifice your salaries, stop sponging off the tax payer and live like us poor plebs who are in it together...!
parliamentary information office: would make more sense to make cuts in Govt spending and spend 50% of the saving on income tax cuts. Get rid of child benefit and expensive to administer tax credits altogether in the process to ensure that having children is no longer a way of making money for some, perpetuating and expanding the culture of the welfare trap.
Parliament News 2012 - parliamentary information office
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