July 10, 2007

Marriage tax-breaks in UK

The idea of introducing marriage tax-breaks is good in principle, as it reinforces, I believe, the importance of marriage as an institution. Marriage is recognized both by the state in legal terms, and by society. At the present moment there is no clear-demarcation between co-habiting couples and those who are married. Marriage, of course, in a traditional sense, is the bedrock of both family and community building.

In essence however, any type of tax relief would be highly popular amongst those people who could be entitled to claim. With recent interest-rate hikes reducing people's disposable incomes any tax-relief would greatly help to reduce the burden on mortgage repayments.

Ever since the Married Couples Allowance (MCA) was scrapped for people under 65 - under Brown's Chancellorship - there has always been, in my opinion, something adrift with the tax system in Britain. Tax is meant to support those who contribute most to society. Where better do we see this than in the family?

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