Losing Child benefit

FBaby

zagfles wrote: »

So could anyone. Taxes will have to come from somewhere in a generation's time to pay for the aging population. Who do you think it'll come from mainly?

That is the question...will it be a case of ever fewer people paying even higher taxes to support the increasing number of people relying on benefits?

Soapn

FBaby wrote: »

That is the question...will it be a case of ever fewer people paying even higher taxes to support the increasing number of people relying on benefits?

it's like that now, and because being on benefits is a way of life for some people, and their kids are doing the same this mess is going to get worse and worse.

Where I live, there are families on the 3rd generation who are on benefits, they sneer at people working. They have better stuff in thier houses, they drive cars, they go abroad on holiday, tbh it's a disgrace.

fogartyblue.

MissMoneypenny wrote: »

Giving and getting are two differernt things.

In the example given, one wants to pay less (in taxes) and the other wants to take more in welfare payments. One is a giver and the other, a taker..

Are you seriously for real?

Are you suggesting that someone that manipulates their earnings in such a way that they pay less tax is a GIVER?

What on earth does he give? All he does is REDUCE what he would have paid in tax. Much the same as taking benefits.

Both are guilty of REDUCING the available funds that the government has to work with!

MissMoneypenny

zagfles wrote: »

What about the likes of the OP, who will pay a considerable amount in tax and get benefits as well?

OP is looking to maximise their benefits. Maximising benefits is not OK.

On the taxes they pay - their 6 children will still need education and healthcare; both funded from the taxes of those with children and those without.

MissMoneypenny

fogartyblue. wrote: »

Are you suggesting that someone that manipulates their earnings in such a way that they pay less tax is a GIVER?

If they are paying tax into the system and not taking welfare, then they are giving.

anguk

fogartyblue. wrote: »

I just don't believeeeee it!

This is not something that has just come about.

For decades people have been 'adjusting' their income in order to avoid high levels of tax being paid. It's called 'Financial Planning' I doubt that there is one MP that doesn't carry out this activity on an annual basis.

There is nothing illegal about it.

Mind you when you have benefit claimants trying to do the same in attempting to maximise their entitlement to increase their income, they are called 'scroungers' & 'parasites'.

In my mind there is no distinction between the two.

Or maybe everyone that tries to re-arrange their affairs in such a way that their income goes up should be tarred with the same brush.

I doubt that many businessmen or MP's would see it that way?

Oh I agree with you, that's why I never said it was illegal just that it was down to one's own conscience and morals. I too suspect most if not all MPs find a way to avoid paying tax and there's many threads on here slating them for doing that, this country loses out on so much money due to tax avoidance (not just MPs). Is it legal? Yes. Is it morally right? Depends on your own view point.

And it's the same for someone who "adjusts" their income so they can claim benefits. Is it legal? Yes. Is it morally right? Again it depends on your own view point. But as others have said if you're willing to do it yourself then you shouldn't criticise others for doing it too.

FBaby

The difference is in one case, a high tax payer still contributes significantly despite the tax avoidance and benefits they might get compared to the one who adjusts their income to claim benefits who is likely to receive more than they contribute in taxes, if any.

anguk

FBaby wrote: »

The difference is in one case, a high tax payer still contributes significantly despite the tax avoidance and benefits they might get compared to the one who adjusts their income to claim benefits who is likely to receive more than they contribute in taxes, if any.

How much tax a week would someone earning £60,000 a year pay, (after they'd put extra money into a pension etc so they could still get child benefit)?

I know they'd receive £87.30 a week child benefit for 6 children but I haven't got a clue about tax rates and I don't know if you pay tax on gross pay or pay after pension contributions etc.

tyllwyd

Well, there is an article here to say that an eight child family could suffer a marginal tax rate of more than 100%

http://www.businessweek.com/news/2012-03-27/eight-child-families-get-101-percent-marginal-tax-rate-in-u-dot-k-dot-budget

JimmyTheWig

tyllwyd wrote: »

Well, there is an article here to say that an eight child family could suffer a marginal tax rate of more than 100%

http://www.businessweek.com/news/2012-03-27/eight-child-families-get-101-percent-marginal-tax-rate-in-u-dot-k-dot-budget

That article misses out tax credits. See zagfles' post #3.