The Labour Tax fraud II

Child tax Credit,

The credit consists of three elements,

Family - £540 p/a
Baby (child under 1 year old) - £545 p/a
Child - £1765 p/a

Only families with joint incomes under £15,500 qualify for full credit
Every £15 earned over £15,500 reduces the credit by £1
Baby element gets paid in full for all incomes under £50,000


The government claims to want to encourage parents to provide for their families yet they discourage potential workers by means testing every benefit they could qualify for.

The figures are as follows,

Current Minimum wage (over 22 years) = £5.05
Current annual wage for 2 parents working a combined 60 hours (35 hours & 25hours per week to allow for childcare etc.) = £15,756 ((£5.05*60)*52)

This means the benefits payable will be means tested already. This is before you consider people earning over the minimum wage.

The result?

In 30 years time we will be financing pensions of people who haven’t worked a day and who will be quick to complain that they don’t get enough. This is likely to result in increased taxation, either direct or otherwise of those who do work hard and contribute to society.