tag:blogger.com,1999:blog-33451096.post7412296343802128912..comments2024-02-13T20:11:15.090+00:00Comments on donpaskini: Tory thinktank claims Osborne plans to increase unemployment, poverty and welfare dependencydonpaskinihttp://www.blogger.com/profile/05963534291677598324noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-33451096.post-34990461174133801722009-10-06T15:10:34.120+00:002009-10-06T15:10:34.120+00:00It affects everyone who receives tax credits when ...It affects everyone who receives tax credits when their income increases.donpaskinihttps://www.blogger.com/profile/05963534291677598324noreply@blogger.comtag:blogger.com,1999:blog-33451096.post-33263890501020964002009-10-06T15:09:37.603+00:002009-10-06T15:09:37.603+00:00How low a household income would this still have a...How low a household income would this still have an impact on? Would it have an impact on people with a household income of, say, 30k?tim fhttp://provisionalbbc.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-33451096.post-89128480742714865502009-10-06T15:05:50.544+00:002009-10-06T15:05:50.544+00:00Yes, exactly.
If you cap the earnings at less tha...Yes, exactly.<br /><br />If you cap the earnings at less than 50k, then you have to increase the rate at which the benefits are withdrawn.<br /><br />So if at present people lose 20p in tax credits for every extra £ they earn, under the Tory plans they would lose something like 25p in tax credits for every extra £ they earn, a marginal tax rise of 5%.<br /><br />Is that clearer?donpaskinihttps://www.blogger.com/profile/05963534291677598324noreply@blogger.comtag:blogger.com,1999:blog-33451096.post-90557324939622199592009-10-06T14:59:05.512+00:002009-10-06T14:59:05.512+00:00Dan - sorry, I didn't understand your last par...Dan - sorry, I didn't understand your last paragraph. Can you explain it in more detail? Is the charge that the change has a knock-on effect on those households earning under 50k too?tim fhttp://provisionalbbc.blogspot.comnoreply@blogger.com