Then if everyone was given a “basic income” equivalent to or better than the tax alowances the need for menns tested and similar benifits would diminish or go. But also so would the extraordinary costs of those performing the meqns testing, often with clear bias present. But at the end...
Will the finance ministry increase the income tax slab of FY 2019-20 to 3 lpa with some additional exemption benifits? Can we file joint tax returns if we're legally separated? A federal tax reform proposal that would implement a national sales tax to replace all or a portion of the feder...
I certainly considered that, when the child tax credit tapering was first mooted then introduced. At that time, I was earning low to mid £50,000s and working full time. With 4 children, my marginal tax rate jumped to (something like) 78%, and I was going to max the pension contrib...