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Moondong, i don't disagree with a flat rate of tax but 20% would...

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9703yn

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22/09/14

19:45

Post #: 14011862
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Originally posted by moondoong ↑

Income tax on personal services income is bloody unfair!

People who work give up their lifespan in exchange for money.

Why is it taxed so punitively, and yet capital gains on investment houses and shares is discounted, and consumption tax is so low and only applied to certain things?

And why is company tax lower than income tax averages?

Australia should have a flat 20% system.

20% income tax, 20% GST, 20% company tax and 20% capital gains tax, and a 20% land tax. There should be few if any deductions or exemptions.

Cut out the scams, cut out the rorting, and more importantly cut out the government waste! Get off people's backs, allow them to work hard and save some money, and hit people a bit harder when they spend up.

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Moondong, i don't disagree with a flat rate of tax but 20% would give the government, far too much to waste. It'd be more like a flat rate of 10%, and everyone pays. Drop all excises and levies, and any other indirect taxes.
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