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Total Twaddle  |  Idle Chat.  |  Twaddle's Soap Box  |  Topic: Low-earners fear tax changes 0 Members and 1 Guest are viewing this topic. « previous next »
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Taf
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« on: April 07, 2008, 13:27:24 PM »

Hoarding loose change. Always having to buy the cheapest groceries. Dreading the arrival of utility bills through the door.

Britain's low earners say their lives are already difficult enough.

But changes to the tax system could mean that making ends meet becomes even harder for many.

Under the new system, standard income tax has been cut from 22% to 20% and tax credits raised - but the lowest 10p band has been scrapped entirely.

The government insists many stand to benefit. But a Treasury Select Committee report has warned that households without children or anyone over the age of 65, and on incomes below £18,500 a year, would lose out by up to £232 a year.

http://news.bbc.co.uk/1/hi/uk/7334448.stm

Brown has the interests of the poorer members of society ?
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« Reply #1 on: April 07, 2008, 14:02:00 PM »

Hoarding loose change. Always having to buy the cheapest groceries. Dreading the arrival of utility bills through the door.

  Sounds like my life already.
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Lisa
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« Reply #2 on: April 07, 2008, 19:22:19 PM »

i'm dreading the arrival of pauls pay this week...
they say that those with families won't really notice as tax credits will soften the blow..
Horse shit!, i already know that the tax credit hasn't gone up by much at all, in fact it isn't even worth it.
If paul looses a lot due to this tax bollocks we'll likely be better off if he didn't work.....  Angry Angry Angry Angry Angry
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« Reply #3 on: April 07, 2008, 19:29:06 PM »

I'm no worse off as my payslips say 0.00
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Taf
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« Reply #4 on: April 08, 2008, 08:36:08 AM »

I've still not received a tax credits notification....
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« Reply #5 on: April 08, 2008, 08:56:51 AM »

nor me, i phoned them and asked and they said the system was down at the moment while they update it, and that i should go by the figures given on last years award

which gives us less money Angry
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