welfare for the wealthy, page-12

pauljbi470

Re your post which included;
"... Work out the tax for a family with 2X60K incomes as opposed to 1X120K income. The first family recieved their tax cuts for carbon compensation the second one didnt. ..."

Your call for a fairer simpler tax regime could easily be the core part of an election campaign!

It wasn't only families with a single income earner above $120k who missed out on compensation for the Carbon Tax - so did self-funded retirees who paid taxes all their lives; for example!

The whole point is that our system of tax collection, monitoring, etc has become an absurdly unwieldy and self-contradictory behemoth.

Tinkering won't work; a comprehensive remake that renders irrelevant trusts, backdoor mechanisms for evading tax etc. is essential. Given the regressive nature and easy avoidance of the GST it is not the answer either.