Tax Credits = benefit-dependent society?

That's £11.25 per hour (after deductions), even if your DH works 24 hours per day, 7 days a week, 52 weeks per year.

well clearly these rich people aren't spending their money on heating bills

I'm not looking for sympathy. ISNT said she thought everyone had a tax allowance, I said that wasn't right. End of.

Youve seen what first hand?

I will judge you for not working as hard as you possibly can and chosing to opt out of working as many hours as a lot of us do because you can do less work than us for the same money.

But I would never say that your child was 'institutionalised' because of whether he is at home with you or in childcare. There is no evidence to say that a child in full time childcare is 'institutionalised' its a stupid comment.

"I like paying taxes. With them I buy civilization."

AHH I take it back Mumblechum.

So, your DH earns over £112950, and therefore loses his peronal allowance. That's £1295.

Then, I take it he is on the new 50% tax rate for some of it.

If he is talking of losing £7500 this year, that would have to be on earnings of around £162,500 per year.

I have to admit that £98345 per year after tax and NI..... I am struggling to sympathise.

lou that link I posted indictates that people with incomes in excess of £100K will not get any tax allowance this year.

This tax business. Where I used to work, every pay day, the materialistic twats people I worked with would open their pay slips and rant on about how much tax they were paying. They coudn't see why they should have to pay any. (All voted tory, natch).

Anyway I always saw that the tax was never mine in the first place. I never feel like anyone is taking anything away from me.

It's funny the different approaches isn't it.

lou - I can guarantee you that you do not get a basic tax allowance - this move was pushed in through the back door and not publicised at all - you just got a new tax code.

And when will people relaise that taxing the HR earners won't be a great thing when they stop spending - do people actually think the money is put in a big vault somewhere and not spent on plimbers, builders, gym memberships, piano teachers, clothes, beutitcians - do you not think that wealth creates wealth to some degree - if we stop spending then lots of people will be up shit creek.

sorry foureleven but i've seen that first hand. and fyi I work more than the 16 hours on more than the minimum wage!

my point was you have your choice I have mine - yours is right for your family mine is right for mine - i'll judge you the same as you judge me.

southbelle - Ah you see thats where we must be different; I care so little for my daughter that I do CHOOSE "to have an 'institutionalised' child who was in day care all the time"

What a selfish b!tch i am. When I'm sat here working my arse of for 9 hours a day missing my daughter every minute of it but sacrificing my time with her to build a future for us, I shallremind myself that I could have CHOSEN to stay at home for 2 or three days a week and spent more time with her.

Problem is, if every single mother took the stance that you have the choice to work part time and rely on tax credits to top up the wage, there wouldnt be enough tax credits to pay for it all.

As angry as I sound I actually dont mind paying tax credits to women who chose to stay at home with their kids because its the children that need it. They shouldnt have to suffer.

'institutionalised' how ignorant.

Lou I didn't believe it either so I checked - it's right www.hmrc.gov.uk/rates/it.htm so up to £ 3237.50 from those on 150K plus or £2590 from those on between 100 and 150.

No, I've just checked on the tax website and it says if you earn over a certain amount, yur personal allowance is nil.

Can I just ask, what has happened to supporting mums or dads to stay at home with their young children? I don't want to get into a debate about working and sahm's but for me I find it much more rewarding being at home with my young children. I still think I am a role model, I spent 14 years in the Armed Forces, the last 4 & 1/2 years of my service I was a mum, so have been a full time working mum.

I just get a feeling from reading lots of posts here that all parents should be working regardless, and if you are not you're not setting a good example for your children and shouldn't be entitled to any help.

Actually it makes no difference.

Mumblechum, sorry but someone has got confused in your house. Everyone under 65 gets a £6475 tax-free allowance. Then £6375-37400 gets taxed at 20% (so your DH pays £6185 in tax), and the next £112600 up to £150000 takes a 40% tax rate (so £45040 in tax, taking the total up to £51125) After that, it is 50%.

If your DH earned £150000, he would still have £92,000 after tax & NI.

Unless he is self-employed?

What is freaking me out about a conservative govt is not benefits - it's services. I have a feeling that they will slice into them with gusto. The national debt being the perfect excuse to do as they naturally incline with impunity.

FioFio - re:Road Tax - the idea that a particular tax should pay for a particular thing is another silly idea that we need to get rid of. Tax is (should be) tax is tax is tax.

"Yes a state pension is benefits. Roads, street lighting, healthcare and policing are also benefits. Pretending that tax credits AREN'T benefits just helps create an unnecessarily complicated system. Benefits are not a bad thing"

I agree, so many people hate the term 'benefits' because of all the benefit scrounger bashing. If you look at literature by the government they use the term benefit for TCs. I know because I have looked it up to defend myself on another thread.

I was acussed of calling anyone on less than 58k (and therefore claiming TCs) a benefit scrounger... because i said that TCs were benefits

FioFio - Tax relief is reducing the amount of tax people pay - like the tories silly married couple allowance. Tax credits are extra money paid into your account.

I am a lone parent and have been for 2.5 years. I work 27 hours a week currently and tax credits incl the cc element make up roughly the same as my wages. DS's nursery however accounts for half of the TC's I get.

I am v v annoyed that posters think that I should HAVE to work FT - pe splitting with XH the plan was for me to stop at home until he was in school - and we'd have been able to do it (just) however we split needs must and all so I CHOSE to work PT.

XH is forces - he was away more times than home and at the time it was right for me to have 1 year on full benefits then back to working PT when able (ie him being 2.5) it was for 16 hours a week - and for this I make no apology, it had been discussed at lenght with family members- and it was/is in the best interests of MY son that this was the case - I also didn't want to have an 'institutionalised' child who was in day care all the time - MY CHOICE is to have my child and raise him myself. my boss asked me to wokr more hours it was considered and I agreed - this is good as it means I now have school hours fully 9-2.30 i'm happy as is he, this will prob be re worked when DS starts school so I do 9.30-3.00 so i'm there for pick up/drop off.

Do I think i'm automatically entitled to the credits cos i'm a lone parent - no, BUT they go a bloody long way into ensuring that I can get back to work & pay my way. the year on full benefits was so demoralising, I was relieved to be able to get to work and know i'd have ds looked after my bills all paid and a bit extra.

I never looked at a full time job because as I say - I choose to care for my child when he's not in school (as will be in sept) just as it is others choices to work FT and use childcare/nannys.