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Could Australia handle a flat rate tax system?, page-4

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Martyn50

5,289 Posts.

186

15/12/16

16:11

Post #: 21367517
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Originally posted by valen1828 ↑

Yes pretty much Marketinfo . It could quite possibly not need be so high .

One nation touted a transaction tax of two percent against a gst rate of ten percent . From modeling that worked out around 12 percent .

The costs of law and administrations of tax would be one of the huge incentives imo

A huge hole in the corporate economy would need be filled jobs wise but the extra savings could be worth it .

Its still a you earn more you pay more system which is fair imo

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What about fixed income earners such as aged pensioners and superanuats.
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