Thread: Child Benefit Scrapped For Higher Rate Tax Payers From 2013
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Old 04-10-2010, 18:45   #81
Flyboy
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Re: Child Benefit Scrapped For Higher Rate Tax Payers From 2013
Quote:
Originally Posted by Hugh View Post
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
So, there are almost as many who will benefit as those who will lose out. But then these are government figures, so one can assume there are more than nine hundred thousand. It also goes some way to reinforcing my earlier point.
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