Tax for us middle Classes
Nov 11th 2002, 3:35 am
#1
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Joined: Aug 2002
Location: Perth Arse end of the planet
Posts: 7,037
Tax for us middle Classes
Well surprise , surprise I am keeping this country going !
With the GST, low and middle-income earners in this country have had the tax burden shifted decisively to their pockets. The situation is even more acute for low-income families who may in fact be worse off the harder they work due to the withdrawal of family payments, social security and then tax.
For those that call for cuts in the top marginal rate of 47% it is worth keeping in mind that most working families face marginal rates between 60-110%. With this in mind it is about time that we put some decent financial incentives into the system at the bottom and the middle to reward hard work and effort.
With the GST, low and middle-income earners in this country have had the tax burden shifted decisively to their pockets. The situation is even more acute for low-income families who may in fact be worse off the harder they work due to the withdrawal of family payments, social security and then tax.
For those that call for cuts in the top marginal rate of 47% it is worth keeping in mind that most working families face marginal rates between 60-110%. With this in mind it is about time that we put some decent financial incentives into the system at the bottom and the middle to reward hard work and effort.
