... wails The Telegraph, despite not knowing how much tax Labour would make them pay if they get elected, which they won't.
Funny, The Telegraph's response was much more muted when Georgon Osbrown "hammered" families with children where one parent happens to earn a rather more modest £50,000 or more a year.
Pots, kettles. They are as bad as each other.
Monday, 8 May 2017
"Labour tax to hammer workers on £80,000"
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11 comments:
They are worse than each other.
I cant see how the child benefit intereacts with the tax threshold.
Is it quick to fill in the details.
People with children under 18 are much less likely to vote Tory so a sitting duck for a tax hammering from them.
So, a good point well made.
Din, if hubby earns > £50k then he pays more tax to claw back the child benefit which wife receives.
M, yes.
I still dont see it.
If the Husband earns >50K and then is in the higher bracket , why are the press linking that fact to CB.
Din, I refer you to my earlier explanation. George Osborne increased tax on dad's earning over £50k if wife claims CB. Is that so difficult to understand. I can show you my PAYE coding notice if you don't believe me.
Yes I believe it.
So the tax man treats the two as a joint income but doesn't actually take into consideration what that joint income actually is. That seems to make no sense.
"That seems to make no sense."
This is the tax code we are talking about here, why are you expecting sense?
@Mark Wadsworth
Would it not pay to more in a pension to avoid this?
(not a tax expert)
it may incentivise the few >£80k who are dont allready contribute the max , to increase their pension contrib.
L and Din, maybe, maybe not. Depends on what specific rules Labour would introduce were they to be the next government, which looks a tad unlikely.
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