Child benefit to be scrapped for higher rate tax payers from 2013

mbga9pgf

I take it you reat that the Eurozone and the US are on the edge of depression today? Or that the UK may require another bank bailout next year?

I suppose these are the signs of that recovery you were telling us all about a year ago?

I also take it you realise they are estimating 11 billion in benefits cuts and today's announcements barely cover 2 billion?

Unless you were planning Gordon to pluck 9 billion out of his hairy scottish @rsehole?

*Kat*

I think it's a good thing. From what I've heard it's for people with high incomes. Do people on these high incomes really need the extra money from child benefit? Hmmz. I'm unsure. I find it hard to believe that they do, saying that though, mum had to last on £70 pw with 4 children, so wondering why people who are on such high incomes are even complaining :S

LilacPixie

*Kat* wrote: »

I think it's a good thing. From what I've heard it's for people with high incomes. Do people on these high incomes really need the extra money from child benefit? Hmmz. I'm unsure. I find it hard to believe that they do, saying that though, mum had to last on £70 pw with 4 children, so wondering why people who are on such high incomes are even complaining :S

Because of the unfairness of the income banding/cut off. If one wage earner in the household is a higher rate tax payer then no child benefit so 45k+ but if both work but not a higher rate tax payer then they still get it. We have a senario when household A earns 45k gross and gets no child benefit and household B 88k gross but gets it.

mbga9pgf

LilacPixie wrote: »

Because of the unfairness of the income banding/cut off. If one wage earner in the household is a higher rate tax payer then no child benefit so 45k+ but if both work but not a higher rate tax payer then they still get it. We have a senario when household A earns 45k gross and gets no child benefit and household B 88k gross but gets it.

Look, its unfair, yes, but you are just going to have to deal with it I am afraid. I hate the fact I have to pay 40% tax for little chardonnay to have a reproductive cycle of a rabbit, but I had to put up with that for a number of years. If anything it will support the traditional family unit, as opposed to the clusterf*ck social engineering that the Labour government pushed on us all. I would prefer 2 parents on a sub threshold income got benefits as opposed to a single parent high rate taxpayer. Why? Because its better for the kids.

Time the balance was recorrected. How would YOU pay for the deficit? Or are youjust going to whinge without coming up with a solution? Dont be a hypocrite

chucky

mbga9pgf wrote: »

I suppose these are the signs of that recovery you were telling us all about a year ago?

well i think we're still waiting for the signs of your past predictions...

[STRIKE]IMF rescuing the UK[/STRIKE]
[STRIKE]the pound crashing[/STRIKE]
[STRIKE]gilts strike[STRIKE]
[/STRIKE]4 million unemployed[/STRIKE]
[STRIKE]negative economic growth in 2010[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]

still waiting for all your predictions to happen btw...
never mind, a stopped clock is right twice a day... chin up

mbga9pgf

chucky wrote: »

well i think we're still waiting for the signs of your past predictions...

[STRIKE]IMF rescuing the UK[/STRIKE]
[STRIKE]the pound crashing[/STRIKE]
[STRIKE]gilts strike[STRIKE]
[/STRIKE]4 million unemployed[/STRIKE]
[STRIKE]negative economic growth in 2010[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]
[STRIKE]etc[/STRIKE]

still waiting for all your predictions to happen btw...
never mind, a stopped clock is right twice a day... chin up

Where did I say 4 million unemployed?

Want to quote the current value of the pund vs USD and Euro? Are you suggesting this isnt a major correction in value compared to its 2008 value?

I said the threat of gilts strike would cause the government to slash the deficit actually. How many government bond strikes have there been in Europe? None. How many governments are forcing excessive cuts in public sector as a result of the risk of a strike?

Ireland
Greece
Spain
Portugal.

It wasnt an actual gilts strike I raised as an issue, it was the difficult choice between a gilt strike or the painful cuts in public spending you bulls insisted wouldnt happen I raised as an issue.

Well, guess what, thats happening, and you need to deal with it. For most of you bullish idiots, the next 4 1/2 years of coalition power are going to be painful.

So Chucky, where is your recovery you delluded fool?

chucky

mbga9pgf wrote: »

I said

yes we know... nothing ever happened...

*Kat*

LilacPixie wrote: »

Because of the unfairness of the income banding/cut off. If one wage earner in the household is a higher rate tax payer then no child benefit so 45k+ but if both work but not a higher rate tax payer then they still get it. We have a senario when household A earns 45k gross and gets no child benefit and household B 88k gross but gets it.

WHAT?! I just thought that pretty much every household earning x amount PA would just either be entitled or not :S

mbga9pgf

Suck it up and stop moaning. Its called deficit reduction people. They costed all of this, I wouldnt mind betting they are saving more money this way AND placating the lib dem little people.

dopester

carolt; instead of focusing on the impact on you and your family the cut will have, and eyes so locked on housing costs in the SE... if you have a bit of patience you might begin to see it work out in your favour.

I'm reading stories of how benefits caps will hit people who'll struggle to afford to now afford to live in nice areas... there's a whole load of changes coming in (20% VAT, LHA.. and more no doubt to be announced including Winter Fuel Allowance). Just give it time, instead of being so outraged how this change hits you in the pocket.

If you're right up there amongst the highest house-hold income families, you shouldn't fare badly, compared to others. I know you're an inflationist but I see powerful forces of deflation at work - which you should do well with, provided you keep your jobs and have savings built up.