More on marriage
Matthew d'Ancona in the Evening Standard notes that those deriding the £20/week marriage bonus proposed by some Tories (IDS's lot):...forget how poor the poor truly are: the least affluent 10% have a disposable income of less than £90/week. So for them an additional £20/week would be no small windfall.
But can this be true? The IDS proposal is a transferable personal allowance. So the receiver gains 20% on just over £5k a year, which works out at £10/week. However to gain this surely you need to earn two personal allowances - more than £200/week.
Labels: Taxation
posted by Matthew @ 1/18/2010 07:46:00 PM
Comments: 2
