Mr Osborne could have [...] raised a similar amount, £1.1bn - by simply taxing child benefit.This would have meant that:
- The benefit would still be universal, and money wouldn't be wasted on means testing.
- The higher your income before tax, the higher your income after tax. In other words, you're never penalised for earning more. There must be a special phrase for this, like there is for regressive / progressive tax or flat tax. Can someone tell me what it is please?