The Coming Crisis: Middle class families face paying 65% tax rate under Osborne's 'incoherent' clawback of child benefit, IFS warns

The Coming Crisis Welcome to Humanity's    ...Final Performance...

Middle class families face paying 65% tax rate under Osborne's 'incoherent' clawback of child benefit, IFS warns Jan 4th 2013, 17:49 George Osborne tax raid on child benefit was today torn apart by the respected Institute for Fiscal Studies. The think tank accused the Chancellor of 'incoherence' for linking state help with raising children to the salary of the highest earner in a family. Affected families stand to lose an average of about £1,300 per year, it warned with families with three or more children paying marginal tax rates of more than 65 per cent. http://www.dailymail.co.uk/news/article-2257083/Middle-class-families-face-paying-65-tax-rate-Osbornes-incoherent-clawback-child-benefit-IFS-warns.html

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