Daily Boom

[Churchill]

Sorry, I've been away so long I'm turning foweign. Wot is a 'working tax credit'?

It's a mechanism used to buy votes.

HTH.

[DimPrawn]

Sorry, I've been away so long I'm turning foweign. Wot is a 'working tax credit'?

HMR&C take tax from you and then through a mind numbing complex process and stupendously expensive non-functioning IT system, give the wrong people a wrong amount of money back a wrong number of times instead of taking less tax from them in the first place.

Makes sense to Socialists I believe.

[sasguru]

HMR&C take tax from you and then through a mind numbing complex process and stupendously expensive non-functioning IT system, give the wrong people a wrong amount of money back a wrong number of times instead of taking less tax from them in the first place.

Makes sense to Socialists I believe.

See my earlier post on this thread.

[Mich the Tester]

HMR&C take tax from you and then through a mind numbing complex process and stupendously expensive non-functioning IT system, give the wrong people a wrong amount of money back a wrong number of times instead of taking less tax from them in the first place.

Makes sense to Socialists I believe.

You anticipated my next question; why not just charge them less tax?

[Sysman]

Sorry, I've been away so long I'm turning foweign. Wot is a 'working tax credit'?

I don't understand it either

[DimPrawn]

You anticipated my next question; why not just charge them less tax?

It's not Labour's way.

[DimPrawn]

I don't understand it either

Working tax credit (WTC)....


It should have been called Working Tax Fund.

[sasguru]

I don't understand it either

I actually started laughing at that it's so farcical.
Not surprised to see that that useless and dangerous bint Red Dawn Primarolo had something to do with it

[Sysman]

A job creation scheme whereby a bunch of Labour voters are paid to return taxes that some other labour voters paid to the exchequer.
The 1st bunch of Labour voters can also claim tax credits. This neccesitates another bunch of labour Voters to process the claims of this new bunch. And so on ad infinitum.

The obvious solution to lower taxes so you don't have to return them creates no new jobs for Labour voters so is not considered.

HTH

That's a clearer explanation than anything else I have seen.

I note that various initiatives "to help the poor and underprivileged" of late seem to involve employing yet more public servants to administer the schemes.

It really is becoming and "us and them" war isn't it? By "us and them" I mean private versus public sectors (or should that be the other way around?).

[hyperD]

You anticipated my next question; why not just charge them less tax?

Then you wouldn't have a wonderful carousel system whereby you tax low income families, employ thousands of would be dole fodder to process the tax, take some of that tax and pay the dole fodder, and then give them some (but not all) of the original money you took off them back to the low income families, or, to spice it up, overpay some people, employ another army of dole fodder to chase up the anomolies, and then treat said recipients like criminals and grab the cash back.

Gordon's great plan.

And the whole concept of raising the lower rate of income tax band to £12,000 just flew by that fat stupid Manse head of his.