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Tough luck for being a hard worker. Changed jobs a few times and spent 18 months absolute cramming my life with studying etc to get a better job. And people wonder why we have people becoming landlords to get negative gearing to try and offset the high taxes.
Maybe lowering interest rates would be a better option here given that is what is causing the cost of living crisis as far as rent and mortgage. Has zero effect on cost of goods due to super profit greed.
There's plenty of people that work very hard and get paid well under 150k. Not really a valid statement.
I personally don't see why they don't temporarily force more contribution into super. Would take money out of the economy and be beneficial to people..
Just a rant from me - every one of the videos in the 'breaking news' section of my YouTube is about this. No problem with that.
But every single one of those videos is from Sky News - we're talking 7 videos - and have a guess what they have to say about it!
How is that equitable YouTube? For reference, I don't think it's an algorithm thing because I never watch sky videos. Mainly ABC ones.
Scrap the stage 3 tax cuts, tax the rich higher, and bring in lower taxes for the majority of Australians who aren’t rich.
Or, maybe, they could address the terrible cost of living crisis that's facing hard-working families in Australia. Start with kicking Colesworth up the arse for profiteering, then the energy sector.
You're right, not being taxed as much would not help us have more usable income towards higher priced living expenses.
The Stage 3 tax cuts are so unaffordable in the long term that they are effectively the death knell of what was once Labor’s traditional objectives.
They need scrapping, not expanding.
Absolutely, but they'd be crucified if they went back on their election promise to keep the stage 3 cuts. They'd never hear the end of it.
I reckon they'll wait things out for this term while economic conditions keep the budget in surplus, then take a policy to the next election for some kind of specific levy - maybe an NDIS levy - to try to claw back some revenue as the budget balance is forecast to turn south.
They did say before the last election that they'd make multinational corporations pay their fair share in tax, so that's one area they could make changes to raise revenue, but anything they were going to do there they would have already done by now.
Hmm, you raise a good point. In the last few days the conversation has also been about colesworth. Maybe they're thinking about a more general corporations tax increase, or some kind of fine regime in situations where market power is seen to be being abused.
Me, i favour closing corporations tax loop-holes and increasing corporations tax a bit. As far as stage 3 goes, keep most of it, because bracket creep has happened. But reintroduce the removed tax bracket so the end result is everybodies income tax moves up in line with the tax we were paying years ago.