The Insane Tax Benefits System

Categories: Taxes

taxcredit_uk

According to a study, married partners who have children can earn £5,000 of tax credits in one year if they decide to live separately or split up. Millions of working families, as stated in the  study by the Civitas think tank, miss out on tax benefits given to single parents.   Urgent reforms are being pushed to put an end to this insane kind of system that works against the betterment and upholding of family life. The study stated that a single mother who ... Read More

Where Do Our (UK) Taxes Go?

Categories: Taxes

ukmoney

A business post by Robert Brown  stated that the average tax that a family pays is £201.34. Now we know how much everybody pays. But do we know how much has already been spent? The Guardian UK provides the following data: For the  2007/2008 taxes paid,     Ø       18% went to the Health Department Ø       10.3% went to  Education Ø       23.3% went to  pensions and works Ø       21.3% went to benefits Ø       5% went to debt interest Ø       6% went to the Ministry of Defence Ø       3% went to ... Read More