As far as i can understand it, there are two types of tax credit, a working tax credit and a family/child tax credit. is that right?
the family/child tax credit is basically a way of rewarding/supporting people to have children, because society needs families to reproduce and yet that's expensive. is that right?
workign tax credit is basically a rebate on income tax? is that right? if so, why not just have lower income tax for lower earners??
i don't really understand the political ideology behind these and would be grateful if somebody could help me...
thanks.
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Can somebody explain the theory of tax credits to me?
18 replies
fluffles · 09/01/2011 21:40
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