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Wow. Is the subsidy available to all or is it salary-based? The government here removed the subsidy here for higher incomes (~$100k+ year combined). What they d
by radicalbyte 12y ago
Wow. Is the subsidy available to all or is it salary-based? The government here removed the subsidy here for higher incomes (~$100k+ year combined). What they didn't remove was the extra tax that both employer and employee have to pay to "cover" childcare for the first child. The second/third children are heavily subsidized (90%).
So in my situation, I'm just above the threshold and have 1 child; so am lucky enough to have almost no subsidy whilst still paying extra tax for the privilege. Double dipping.
Luckily for the government here I can't vote (British citizen), and I'm a compassionate capitalist so generally agree with the idea of spreading wealth around (we just do a horrible job at taxing capital gains and inheritance; I'd happily pay progressive 70-99% on the top of my net-worth if the tax was applied consistently, fairly and accounted for income over time in a fair way (so taxes are normalized over years; for sports people and the like))........