So for example, where your income, 2 adults and 2 children sits compared to other 2 adult 2 children families. At least, I think that's how it works!
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11-05-2015 22:23 #251
Last edited by Lillynix; 11-05-2015 at 22:25.
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11-05-2015 22:32 #252
11-05-2015 22:57 #253
11-05-2015 23:01 #254
I was just pointing out that australia is not that cheap tax country some pp try and make out to be.
I pay more taxes here for a lot less benefits.
11-05-2015 23:13 #255
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11-05-2015 23:34 #256
Last edited by ExcuseMyFrench; 11-05-2015 at 23:47.
11-05-2015 23:35 #257
11-05-2015 23:52 #258
11-05-2015 23:58 #259
Yes Australia is quite generous in terms of tax breaks for wealthy people. They are some legal tools for higher bracket income earners to reduce their tax bill.
I think this should go, starting with negative gearing and superannuation tax benefits.
12-05-2015 06:36 #260
@ExcuseMyFrench - Have you considered that Australia has a relatively low rate of GST, compared with many countries, which is excluded from home sales, food and health care costs? We also have no state tax.
Was any of that included in that infographic? Sure, we pay more federal tax percentage wise, but all of those things should be considered when discussing taxation rates.
I'm only playing devils advocate. I was of the impression we paid heaps more than other places, purely based on income tax, but after speaking with a few people yesterday realised I hadn't considered those other factors.
Honestly, if the government wants more money, they need to increase the corporate tax rates and go after those corporations who aren't paying their fair share.
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