|
Re: Child Benefit Scrapped For Higher Rate Tax Payers From 2013
Quote:
Originally Posted by Hugh
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
|
|
I do have to say that an anomaly that misses > 40% of the target is quite an anomaly...
__________________
Remember kids: We are blessed with a listening, caring government.
|