Sentences with phrase «many low earners»

Economist Michael Wolfson noticed that since extra coverage for those with lower earnings is not needed, we should keep the replacement rate at 25 per cent for lower earners, then use a 40 per cent replacement rate for earnings above a certain threshold.

Focusing CPP reform on lower earners is wrong - headed for three reasons.

Better no reform than a perverse one that hurts lower earners more than it helps.

Second, boosting CPP coverage for lower earners would decrease their take - home pay.

«The lower earner could be completely out of luck if they leave it to a judge,» said Nancy Hetrick, a certified divorce financial analyst and senior advisor at Better Money Decisions in Phoenix, Arizona.

A Treasury spokesman told the BBC: «We are taking action to support families with the costs of living by cutting taxes for millions of working people, doubling free childcare for nearly 400,000 working parents and introducing the National Living Wage - a significant pay rise for the lowest earners.»

The disparity between a nation's top and lowest earners is generally represented by the Gini Co-Efficient, coined by Italian statistician Corrado Gini in 1912.

The lowest earners are in outpatient clinics.

To aid the lowest earners, the proposal included provisions to make the benefit formula more progressive and to create a minimum benefit for low - wage workers and the long - term disabled.

The most significant tax is the state income tax, with rates ranging from 0 % for low earners to 6.6 % for earners in the top income tax bracket.

Introduced last week, the plan would cut benefits for all but the lowest earners by 17 percent to 43 percent by the year 2080, and hike the retirement age to 69 by 2030.

In addition, a new round of CPP negotiations gives us another shot at designing an appropriate expansion targeted at middle earners where it is needed, instead of roping in low earners to a pension expansion that hurts them.

15 % of a low earner's wage hits the earner harder than a high earner.

Wilshere is currently one of the club's lower earners at # 50,000 per week.

That is why we must insist on a radical plan for fair tax which we developed in opposition through the Tax Commission: lifting low earners out of tax; shifting the tax base from income to wealth, especially high priced property; and cracking down hard on the shocking tax dodging culture - personal and corporate - which disfigures our country.

Children of low earners not only lose out on spending time with their parents but they are also more likely to be sick.

Lower earners are expected to actually receive more generous payments due to the reform, after the government moved away from a final salary scheme to one based on career averages.

The whole point of raising the threshold is to help low earners, which is why eligibility should be withdrawn gradually for higher earners at the same time to make sure the policy is a targetted one.

In effect, wages for the lowest earners in the economy have been stagnant under the NDC.

Nor is there any mention of council tax benefit cuts that have landed the lowest earners with unpayable debts across the country.

She opposed Scottish Labour's proposal for a tax rise, unlike the SNP who recoiled from their anti-austerity rhetoric and claimed a tax rebate for low earners was administratively impractical.

Mr Scott pointed to income tax breaks for the lowest earners, tackling bankers» bonuses and restoring the link between pensions and earnings as key Lib Dem achievements within the coalition.

So they charge lower earners at a higher rate than the US does.

Put simply, rail fares have been too expensive for low earners for a long time — to make them affordable enough so that poorer adults use them at a similar rate to rich adults would require major cuts to fares, and therefore a major increase to taxpayer subsidy.

Adam's CentreForum investigation concludes that there are significant opportunity costs which must be accounted for — I would emphasise the further erosion of already - stretched public services, which could impact a great deal on millions of low earners.

An interesting finding in this work is that through interaction with Universal Credit, childcare policy and automatic enrolment in workplace pensions, a higher personal allowance could well be of little benefit for many low earners — and indeed could damage future prospects in terms of their pensions.

John McDonnell says voters can expect to see «no increases in income tax for middle or low earners» in Labour's election manifesto.

Even in colonial India or apartheid - era South Africa, top earners earned less relative to the lowest earners than do Americans today.

Meagre take - up rates of funded schemes, especially among low earners and small businesses, mean that these alternatives fail to compensate for the retrenchment in public pensions.

It is not a requirement that the lower earner has income under # 11,500.

In relation to point number 3 above, the mainstream guidance «Marriage Allowance» states «To benefit as a couple, you (as the lower earner) must have an income of # 11,500 or less» and «you don't earn anything or your income is # 11,500 or less» These statements are incorrect.

It's not «we've found a way of raising # 17bn, what do we spend it on», it was clearly the other way around; when Charles Kennedy set up the Tax Commission, one of the objectives was to rebalance the tax code to take the lowest earners out of tax completely.

And this isn't just the case of low earners liking the idea of soaking the rich.

Read Social Security Actuarial Note 5, the rate of return drops from 6.6 % for a very low earner to 0.68 % at the maximum taxation level.

The party, which plans to raise the money by closing loopholes available to the wealthy and polluters, says the policy would take 3.6 million low earners out of income tax altogether and save most people # 700.

Nick Clegg has owned it since before the general election and he's holding it close now as a sign of Lib Dem protection of low earners.

But the administration had to fend off attacks from council members who argued even those apartments won't be cheap enough for the lowest earners.

Yet this is a very inefficient way of targeting the lowest earners in our society, given that everyone earning up to # 100,000 gains from having a personal allowance (above # 100,000 your personal allowance decreases gradually to zero), and, of course, households with two earners will prosper more than single occupant households.

Second, poorer low earners — those on incomes of between # 11,500 and # 20,000 — are saying that they believe the Conservatives will be better at managing the economy than Labour.

However while the low earner Conservative vote is now at 1992 levels, it is also true that Cameron's popularity lags behind John Major's at a similar moment in the electoral cycle in 1992.

Third, low earners are more likely than any other income group to believe that David Cameron is doing his job well.

«The Labour Party is now the party of low taxes for middle and low earners, while the Tories are the party of tax handouts for the super-rich and big corporations.

Dr Cable said the government should change the system so «the repayment mechanism is tied to earnings - so that maybe lower earners pay not more - maybe less - and higher earners pay more».

It will hope to persuade ministers by pointing out the taxpayer spends # 4 billion a year on in - work support for low earners.

If Marcie's # 225 earnings are derived from being on or near the minimum wage, then there is a double hit for her because she also can not salary sacrifice to save 12 per cent National Insurance, if such an arrangement would take her pay below the level of the applicable minimum wage rate (# 7.83 per hour in 2018/19 for those aged 25 and over).3 Anne Fairpo said: «One of the concerns about allowing the lowest earners to sacrifice salary has been the risk of their pay dropping below the point at which entitlement to contributory benefits is triggered (the Lower Earnings Limit - # 116 per week in 2018/19).

«At a time when typical wages have flatlined but prices have continued rising, concerted action to drive up levels of pay for low earners is an essential component in the improvement of living standards,» IPPR's senior research fellow Kayte Lawton said.

Low earners did see improvement through the minimum wage and other measures Labour introduced.

Also, Lord Browne's report «Sustaining a Future for Higher Education», which recommended graduates should only begin to repay tuition fees when or if they earned # 21,000 or above, estimated that only the top 40 % of earners on average would pay back all the charges paid on their behalf and that 20 % of the lowest earners would pay less than today.

Concern, however, arises on behalf of lower earners; those who are less financially astute and most likely to be seduced by access to an amount of money higher than they may have ever seen.

A third of the electorate are «low earners»: in other words, they are economically independent, but coping on below median income.