marriage and the tax system

British politics is obsessed with a silly row over whether the Conservative policy of “recognising marriage in the tax system” is affordable. This is an idiotic question. Anything is affordable if you are willing to raise taxes elsewhere or borrow to fund it.

The only relevant issue is whether a transferable tax allowance (or other tax breaks for marriage) are a good idea. This important debate has been forgotten. Here are some reasons why transferable tax allowances are a terrible idea: Read more