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  1. #311
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    Quote Originally Posted by crankyoldcow View Post
    Can you copy and paste the content? - I can't read it as i don't subscribe.
    I would suggest there would be a copyright problem there.
    It also plays a part on why news ltd is going much better than fairfax. It sounds like you wouldn't want to read it anyway, because it is a Murdoch product... and it is apparently biased.

  2. #312
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    Quote Originally Posted by crankyoldcow View Post
    No I am geniunely interested to read the article. Please don't make assumptions me.

    Here is the paragraph that discusses the top 1% of taxpayers:

    Australian Tax Office statistics show taxpayers with taxable incomes above $264,000 - the top 1 per cent of taxpayers in the financial year ended 2010 - pay about 17 per cent of all income tax - the government's biggest single revenue source - weighing in at about $160 billion this financial year.

    The top 10 per cent of taxpayers pay more than 45 per cent of all income tax, while the bottom 35 per cent of taxpayers pay about 5 per cent.

    ETA: The author of the article is Adam Creighton, who "was a senior economic adviser to the federal Leader of the Opposition, Tony Abbott, in 2010 and wrote full-time for The Economist in 2009"
    Last edited by sky1; 23-02-2014 at 16:43.

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  4. #313
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    I wonder if they deducted the $882 million they had to give back to Rupert and the amount for others? Hehe

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  6. #314
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    These figures are totally meaningless for the purposes of this discussion without, at least, knowing the share of income earned by each of these segments on which the tax is paid.

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  8. #315
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    Quote Originally Posted by Father View Post
    Never mind the fact that the top 10% of taxpayers pay more than 45% of all income tax. Lets just tax them more! Why not just tax them so they are paying 100% of the income tax so that the rest of us don't have to?
    ...So you think those earning much higher than average incomes should not pay the most tax? I'm trying to understand your position.

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    Quote Originally Posted by Atropos View Post
    ...So you think those earning much higher than average incomes should not pay the most tax? I'm trying to understand your position.
    No. They should and they do. But, they should not be taxed any more than they currently are though. Understand?

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    Why shouldn't they? They have infinitely more than the average person and should pay more than 3 % for Medicare.

  11. #318
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    Er no, don't understand. How can anyone in their right mind think that rich people should pay less than the average person in tax (who need money wayyyyyy more than they do.) That doesn't make any sense.

    Quote Originally Posted by Father View Post
    No. They should and they do. But, they should not be taxed any more than they currently are though. Understand?

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    Quote Originally Posted by beebs View Post
    Er no, don't understand. How can anyone in their right mind think that rich people should pay less than the average person in tax (who need money wayyyyyy more than they do.) That doesn't make any sense.
    Probably doesn't make sense because you didn't read my message properly.

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    No I read it, it is just that your message doesn't make sense. For example, you said that "they should and they do". But they don't father, they pay less income tax than the rest of us due to loopholes regarding investments.

    Quote Originally Posted by Father View Post
    Probably doesn't make sense because you didn't read my message properly.


 

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