Hazel Grove Forum

A Suburb in Stockport

10 10 / 10 from 9 Reviews

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cllrkevinhogg posted..

If a family hard working or not, what a terrible acronym earns £1000 amonth and is topped up by£750 of tax credits that is an income of £1750 per month. They then raise the income tax allowance level to £12000 pounds it makes no difference to said family as they already are below the tax allowance level but w hen you cut the tax credits by the increase in tax allowance said family is £2000 worse off.
Figures are for illustration only.
The tories say you will pay less tax and your min wage will go up but many families are already on the new level they will not recieve an increase in pay, but will get reduced tax credits therefore a lower income.
Its difficult to put into words but increasing tax allowance levels for those the don't earn enough to pay them now is useless and then to take away their tax credits is criminal. The independant non political organisation says that 3,500families will be a lot worse off. Do the tories care, do they hell