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In the UK, I get a little frustrated there is such a focus on an individual's income rather than a family's income - if you consider the tax paid by a pair of w
by alexchamberlain 6y ago
In the UK, I get a little frustrated there is such a focus on an individual's income rather than a family's income - if you consider the tax paid by a pair of working parents each earning £50k vs a family where 1 person earns 100k and the other does not work, the pair earning £50k each are much better off. (Child tax credits are removed gradually as the higher earner exceeds £50k, as well as the tax bands meaning someone on £100k pays more tax proportionally than someone on £50k.)
- maxerickson 6y agoAll that time not spent working (by the partner in the high earning family) is worth more than 0.
- deleted 6y ago[deleted]