Not exactly a tax cut, but I think they'd do much better to raise the threshold for income tax, rather than faffing around with all these tax credits of one kind and another.
It would mean the people on low incomes would pay less (or no)income tax to start with, rather than paying it and then having to claim it back. Less administration, less chance for mistakes and giving people more control over their own money.
Something like minimum wage x 40 hours a week x 52 weeks a year sounds a good start: if the government thinks a minimum should be set, then it shouldn't take any of it away.
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Date: 2007-03-22 07:38 pm (UTC)It would mean the people on low incomes would pay less (or no)income tax to start with, rather than paying it and then having to claim it back. Less administration, less chance for mistakes and giving people more control over their own money.
no subject
Date: 2007-03-22 08:27 pm (UTC)no subject
Date: 2007-03-23 12:09 pm (UTC)Something like minimum wage x 40 hours a week x 52 weeks a year sounds a good start: if the government thinks a minimum should be set, then it shouldn't take any of it away.
no subject
Date: 2007-03-23 01:34 pm (UTC)