critique my tax idea for parents
Discussion
middle of the night bored theory - what are the holes:
At the mo my other half would love to work but we have a 2 year old. Nursery is £60 a day and that doesnt include when you're late etc. So basically she has to earn 20k to break even let alone adding in commuting etc. Just doesnt seem worth it so she doesnt. So no tax coming in and she doesnt progress.
How about any working other half who's kid is of nursery age gets free nursery if they pay tax.
So before they were not paying tax so treasury had nothing but treasury didnt pay for nursery.
Now treasury has to pay nursery but they get tax. This may be basic tax but at last has the potential to be more as the person is back in the working system.
Holes? If on min wage there wont be much tax but this may be balanced by people who ending up progressing where before they would not.
tear it apart..
At the mo my other half would love to work but we have a 2 year old. Nursery is £60 a day and that doesnt include when you're late etc. So basically she has to earn 20k to break even let alone adding in commuting etc. Just doesnt seem worth it so she doesnt. So no tax coming in and she doesnt progress.
How about any working other half who's kid is of nursery age gets free nursery if they pay tax.
So before they were not paying tax so treasury had nothing but treasury didnt pay for nursery.
Now treasury has to pay nursery but they get tax. This may be basic tax but at last has the potential to be more as the person is back in the working system.
Holes? If on min wage there wont be much tax but this may be balanced by people who ending up progressing where before they would not.
tear it apart..
Just go on benefits. There was a woman (single mother of seven) on TV the other night giving an interview from her free six bedroom house. She was complaining her money was being reduced from £2600/month to £2100/month and 'how would she cope'.
I have to admit, I got just a tad angry.
I have to admit, I got just a tad angry.
Gogoplata said:
How about people don't have kids if they can't afford to raise them?
This in a nutshell. I dont understand how people cant get this.Me and the OH would love to have kids now, but at the moment, whilst we could afford it, it would probably mean be a bit of a struggle. The OH has only just started her career and we want her to get a foothold (and be welcomed back afterwards) before having the time off to have kids.
So, we are waiting several years. Its simple - dont have them if you expect other people to look after them.
Gogoplata said:
How about people don't have kids if they can't afford to raise them?
Because you have a expensively educated member of society who is going to sit at home for the next 4-5 years (more if you have several kids) not contributing back into the system.If you cut some sort of deal on child care you get that productive member of society back to contributing.
Gogoplata said:
How about people don't have kids if they can't afford to raise them?
Exactly. Sadly, you can't prevent retarded people from being born. Who subsequently go on to create even more retarded people...and it snowballs.
Only the very poor and the well off can comfortably have kids at the moment. So the gene pool is being diluted even further. Tragic.
V8mate said:
It'll distort the nursery fees market (as government intervention does) as the benefit will have to cap the fees payable and all nurseries will simply raise their fees to the cap.
hmm this is the most sensible answer.and yes i suppose the figures dont work out in that it would cost £15k a year in nursery fees and you need to be earning a fair bit to get that.
maybe pay for a few more days like they so when they are 3 so the figures equate a bit better?
im not saying i want tax payers to fund my kid for free im trying to find a situation where a parent ends up giving back more in tax as they are able to go back to work.
SpeedMattersNot said:
Exactly.
Sadly, you can't prevent retarded people from being born. Who subsequently go on to create even more retarded people...and it snowballs.
Only the very poor and the well off can comfortably have kids at the moment. So the gene pool is being diluted even further. Tragic.
this is kind of my point - the people in the middle cant afford to have them as nursery fees are so high Sadly, you can't prevent retarded people from being born. Who subsequently go on to create even more retarded people...and it snowballs.
Only the very poor and the well off can comfortably have kids at the moment. So the gene pool is being diluted even further. Tragic.
petemurphy said:
this is kind of my point - the people in the middle cant afford to have them as nursery fees are so high
The people in the middle have to make personal sacrifices if they want children. less foreign holidays,
10 year old cars
only one wage earner,
only one tax free income allowance
no child benefit (as only one wage earner)
smaller house.
Less disposable income.
Still prefectly possible - but it requires a level of sacrifice which some are unable to accept.
Others prefer both to keep working and hence the rise of grandparents looking after the kids.
2 options :
1/ remove min wage for domestic help - that would create a few million jobs for Filipina domestics who can look after kids- while wifey goes out to work like here in Singapore.
2/ state provided 'no profit' nurseries - private ones are hugely profitable and staff paid peanuts. fees could be cut if state funded (could still charge .. But super profits would disappear )
1/ remove min wage for domestic help - that would create a few million jobs for Filipina domestics who can look after kids- while wifey goes out to work like here in Singapore.
2/ state provided 'no profit' nurseries - private ones are hugely profitable and staff paid peanuts. fees could be cut if state funded (could still charge .. But super profits would disappear )
The nursery education grant is already in place as a universal benefit and goes some way to providing the sort of incentive that you suggest.
Its a pretty good idea actually; my only criticism is that its 'universal'. In my view it should be means tested in order to get more children who wouldnt otherwise access it into early years education, rather than frittering it away on parents who can and will pay for pre-school education anyway.
Its a pretty good idea actually; my only criticism is that its 'universal'. In my view it should be means tested in order to get more children who wouldnt otherwise access it into early years education, rather than frittering it away on parents who can and will pay for pre-school education anyway.
compare nursery fees in UK to nursery fees in Germany.
wonder what the f
k is going on.
childcare is completely unaffordable in the UK, even for well-qualified professional people. It should not be that you have to be earning £20k a year just to earn the cash to pay childcare costs. Not to mention the 'opportunity cost' of the time you lose with your child.
wonder what the f
k is going on.childcare is completely unaffordable in the UK, even for well-qualified professional people. It should not be that you have to be earning £20k a year just to earn the cash to pay childcare costs. Not to mention the 'opportunity cost' of the time you lose with your child.
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