tax cut

jfding

http://www.smh.com.au/news/natio ... /1146940413792.html

rdcwayx

good news.

bulaohu

$250 for an additional kid a year? This treasurer is so out of touch.

西边雨

看上去不错，赞

philgu

Don't think there will be anything significant from tommorrow's budget. This government is just not gutsy enough to bring in some good reforms in tax. When you see a army of tax accountant going around doing average Joe's tax and there is long list of wellfare entitlement, you know there is something wrong. I found in Australia people's mentality is more focused on how to get more from the government rather than how I can create weath by hard work and innovation. This government's tax over complicate and distort asset values. People spent billions on tax matters (including the efforts of how to avoid paying tax). I think we should have a simplied tax system with lower tax and lower wellfare entitlements.

香香

同意楼上的

philgu

The most laughable argument for people not to work (frequently used in media) is that the effective marginal tax levied would be close to 50% to 60% in some cases for low income earners who are getting wellfare.
1. Wellfare is supposed to be given to people in need. It is a safty net rather than an income. Once the person goes past that needy period he/she should support themself.
2. Unfortunately if you want to earn 100k, 200k, you might have to earn 30k or 100k first. When you start earning 30k first, your effective tax is high. But if don't start low, you will never get there.