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Apologies on the ninja edit.I see you did a ninja edit. Ok, I'll respond to this.
Where did I say I would support increasing taxes?
Are you saying taxing is theft? Or only if it is from "the wealthy"?
My fault alsoOK. First, sorry I was aggressive to begin with.
Now, does wealth change the cost of items?
If we had a flat tax of say, 10%, let's look at the math.
$40k salary = $4k tax
$300k salary = $30k tax
Money remaining
$36k
$270k
Everything costs the same for everyone. Medicine, dental, food, accommodation, basics.
Who do you think is really affected the most?
Thanks.My fault also
If you look at the LDP plan, the tax free threshold will be lifted to $40,000 and anything above that will be taxed at 20 cents on every dollar. I see this as more beneficial to the poor and middle class.
Taxation in Australia is a problem as far as I am concerned, however I see the spending as a greater issue. Again, I don't know if we will agree on how Australia should spend money on what though.
To be honest I haven't thought enough about the subsidies. Did you mean education subsidies? i.e loans for students?Thanks.
Yeah, increasing the tax free threshold is good. But what do you think will happen to all of the services that have been subsidised for people in the tax free threshold, if a flat tax is implemented?
Costs will increase for everything.
That isn't beneficial for the poor in any form.
Do you know what I mean?
Thanks.
Yeah, increasing the tax free threshold is good. But what do you think will happen to all of the services that have been subsidised for people in the tax free threshold, if a flat tax is implemented?
Costs will increase for everything.
That isn't beneficial for the poor in any form.
Do you know what I mean?
For those who follow or are interested in a more Libertarian view of the world and politics I thought it would be interesting fo follow his efforts while in the senate.
He seems to have formed a mini block with Bob Day of FF. Doesn't seem to keen on Clive Palmer.
I think his humility will be an asset for him going forward.
An alliance with Family First is a concern.
Already buddying up with the class nimrod.
Odds on he sleeps with that Lambie brain scientist before the end of this Parliament and gets crabs.
I'm sure they've done their maths on this, but my instinctive response would be that this wouldn't raise enough money. As right-wingers love pointing out, the top % pay a lot of the tax. You reduce their tax and you lose a lot of revenue. Perhaps that's why you've mentioned the important thing is what we spend money on, but Australia is not the US and even the US is moving towards govt spending more, not less. The chances of Australia truly becoming a small govt country are tiny. Howard made government much bigger. The current Coalition with things like the PPL or $200 marriage counselling vouchers have shown they love a tax-and-spend approach to govt too. You might look at the mining/Carbon tax fights and say it was a win for small govt, but you can cherry-pick either way. Labor did a lot of tightening of asset-testing for welfare or moved single mums onto new start (after 8 years) to reduce dependence on hand-outs. Yes, they were looking for cash to spend on Gonski and the NBN and the NDIS, but all those things are about creating more freedom - which is what libertarians are meant to fans of, right? Education increases social mobility, the NBN lets business compete more evenly with (or even ahead of) their global competitors; and the NDIS says that disability shouldn't stop you having a normal life.My fault also
If you look at the LDP plan, the tax free threshold will be lifted to $40,000 and anything above that will be taxed at 20 cents on every dollar. I see this as more beneficial to the poor and middle class.
Taxation in Australia is a problem as far as I am concerned, however I see the spending as a greater issue. Again, I don't know if we will agree on how Australia should spend money on what though.
After concerns were raised by Labor and Senator Leyonhjelm, the government agreed to amend the legislation to specifically rule out ASIO using torture.
"The internet poses one of the greatest threats to our existence," Palmer United Party Senator Glen Lazarus said, speaking out against Senator Ludlam's amendment.
I'm sure they've done their maths on this, but my instinctive response would be that this wouldn't raise enough money. As right-wingers love pointing out, the top % pay a lot of the tax. You reduce their tax and you lose a lot of revenue.
Meds has tried to use this in the past as some right-wing cure-all too. As shown by mines using loopholes to avoid paying 15% tax, or as celebrated by people like Kerry Packer or Kate Carnell who reckon its someone's obligation to minimise their tax as much as possible, there isn't some magic point where people happily pay tax. It's mythology.
Because companies don't avoid as much tax as possible already?Higher taxes cause companies to relocate operations and assets in jurisdictions where taxes are lower.
If they could relocate, to avoid more tax... they would...Do you have a point?
Everyone avoids as much tax as possible already. Or do you donate more to the tax office than what they ask for each year?
If they could relocate, to avoid more tax... they would...
Really? They can, and already do? No waaai? I thought they "donate more to the tax office than what they ask for each year"????...They can and do.
Increase the tax and more companies/individuals will leave. Reduce it and you reduce their incentive to leave, which means more companies and high-income earners remaining in Australia.
http://rt.com/usa/187480-burger-king-canada-move/
Really? They can, and already do? No waaai? I thought they "donate more to the tax office than what they ask for each year"????...
Reduce it, and what company will decide to pay more in tax? What company won't still look for every possible way to avoid as much tax as possible?
Increase the tax, and suddenly businesses will decide to try and pay as little tax as possible? Bullshit, who doesn't try to pay as little as possible?
Mmm, Ireland is going great guns, innit?The upshot being that countries that lower their taxes experience higher rates of economic growth, and therefore total revenue increases despite the rate of taxation falling.
I masybe wrong but isn't Ireland in better shape compared to the rest of Europe and actually doing quite well considering coming from its base ;levels 5 or vso years prior?Mmm, Ireland is going great guns, innit?
This doesn't answer the question? I'm pretty sure evidence showed steady and solid improvements as were reported on the ABC last week over this time frame.