Britain's
biggest earners benefit from pension subsidies worth more than # 10bn a year while shopfloor workers are suffering steep cuts in their retirement incomes, according to the TUC.
Not exact matches
There is no
benefit at all from income splitting for single parents, or for two parent families in which both
earners are in the same tax bracket, including the middle and bottom income tax brackets; these families with children under 18 represent over half of all families that are the apparent target of the scheme, according to the Broadbent Institute study, The
Big Split.
But much of the research conducted thus far suggests otherwise; the Center on Budget and Policy Priorities, for instance, recently concluded that workers would receive a maximum of only a quarter of the
benefits from tax cuts; and even then, it is most likely to be the higher
earners that would be the
biggest beneficiaries.
Altogether, these policies provided public - sector housing with its
biggest - ever boost up until that point, while low - wage
earners particularly
benefited from these developments.
One of the
big benefits, I think, is for families that have one
big income
earner, and a stay at home parent.
In addition, the lower
earner could get a much
bigger survivor
benefit, since a survivor gets the larger of the couple's two Social Security checks.