MrSmith Posted May 16, 2012 Share Posted May 16, 2012 When you look through this site it make you wonder why anyone would want to come to the UK. The Poverty Site 16% of working-age households are workless. The UK has a higher proportion of its working-age population living in workless households than most other EU countries, all bar Hungary, Ireland, Belgium and Lithuania. The proportion of economically inactive working-age adults who are in relative low income is higher in the UK than in any other EU country. Many of these people will be disabled. Link to comment Share on other sites More sharing options...
Cyclone Posted May 16, 2012 Share Posted May 16, 2012 Tax credits can be claimed by people earning above the average wage, the median wage is even lower. Only 2/3rds of working age people work in the first place. The majority of the private sector is running on public subsidy. There is no free market. And income is for all intents and purposes determined by the state. Here we go, I checked it for you. Between 190,000 and 275,000 employees – more than two thirds of them women and all of them without dependent children – may be entitled to WTC only. The uncertainty in this figure (and hence the range) reflects the fact that the employee or their partner has to work at least 30 hours a week to be entitled to WTC and this information is not known. • A further 80,000 employees are likely to be entitled to both WTC and CTC (in other words, they have dependent children but are sufficiently lowly paid to be due some WTC). That's a top figure of 355,000 people claiming WTC. That's out of something like 20,000,000 working people. Or less than 2% of working people can claim WTC. Link to comment Share on other sites More sharing options...
Cyclone Posted May 16, 2012 Share Posted May 16, 2012 3.5 million people claim tax credits which is down from 4.7 million in 2011 This figure must be including CTC... Tax credits creates jobs, first the government use an army of tax officials to administer the taxation of everyone, then they use another army of tax credits officials to give some or all of that tax back to the workers. Just think of the money that could be saved if they just upped the minimum wage and cut taxes to everyone including the employer. The only problem with making the system easier would be the impending strikes from all the tax office employees that rely on this overly bureaucratic system to stay in work. Surely it's more about increasing the personal allowance than tinkering with the minimum wage. Stop taking the money off people in the form of tax and then giving it back as a tax credit. Link to comment Share on other sites More sharing options...
MrSmith Posted May 16, 2012 Share Posted May 16, 2012 This figure must be including CTC... Surely it's more about increasing the personal allowance than tinkering with the minimum wage. Stop taking the money off people in the form of tax and then giving it back as a tax credit. It needs both because some people on minimum wage don't pay personal tax, but still claim tax credits because their income is too low, upping the minimum wage and lowing the taxes of the employer would prevent the need for tax credits. Link to comment Share on other sites More sharing options...
Cyclone Posted May 16, 2012 Share Posted May 16, 2012 Anyone on minimum wage (working full time) pays personal tax. Link to comment Share on other sites More sharing options...
chem1st Posted May 16, 2012 Author Share Posted May 16, 2012 Here we go, I checked it for you. That's a top figure of 355,000 people claiming WTC. That's out of something like 20,000,000 working people. Or less than 2% of working people can claim WTC. Your figures are incorrect. And I said tax credits, not specifically WTC. Howcome tax credits bill is ~ £28 billion, and JSA bill ~ £4.5 billion. FTR 1.61 million are claiming JSA. Link to comment Share on other sites More sharing options...
MrSmith Posted May 16, 2012 Share Posted May 16, 2012 Anyone on minimum wage (working full time) pays personal tax. Yes you are right; I was working on the 24 hours that people have to work to claim tax credits. Link to comment Share on other sites More sharing options...
Cyclone Posted May 16, 2012 Share Posted May 16, 2012 Yes you are right; I was working on the 24 hours that people have to work to claim tax credits. Should MW be enough for someone who doesn't work full time to live on without claiming (assuming that they can claim)? Link to comment Share on other sites More sharing options...
Cyclone Posted May 16, 2012 Share Posted May 16, 2012 Your figures are incorrect. And I said tax credits, not specifically WTC. Howcome tax credits bill is ~ £28 billion, and JSA bill ~ £4.5 billion. FTR 1.61 million are claiming JSA. CTC isn't really a benefit, it's disingenuous to claim that anyone with a child is in receipt of benefits, although it would be better to add it to their tax code and reduce the level of bureaucracy involved. Link to comment Share on other sites More sharing options...
chem1st Posted May 16, 2012 Author Share Posted May 16, 2012 CTC isn't really a benefit, it's disingenuous to claim that anyone with a child is in receipt of benefits, although it would be better to add it to their tax code and reduce the level of bureaucracy involved. Yes it is a benefit. It is a tax credit only in name, in reality is is a benefit. Link to comment Share on other sites More sharing options...
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