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Re: Child Benefit Scrapped For Higher Rate Tax Payers From 2013
Quote:
Originally Posted by Flyboy
So, the rich get off and the poorer still has to pay more.
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I think a very substantial portion of the populace would not regard someone earning £44k as "poorer" (imho).
From the Guardian
Quote:
Around 1.2 million families - those with one parent earning more than £43,875 a year - will be affected. This will cut around £1bn from the annual £12bn cost of child benefit. But another 6.6m families will not lose out. The average household income for a household containing a higher-rate taxpayer is £75,000. But households with two earners each earning less than the higher-rate threshold will continue to get child benefit, even if their combined income is more than £43,875.
There are around 900,000 families in this category. Osborne accepts that this is an anomaly, but he believes that any alternative would have been too complicated
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