add this to the list............., page-134

Spin of the highest order, now Tanner is in on the act. Can you believe these guys ?

Tanner "...Mr Rudd was really referring to the Low Income Tax Offset (LITO) which allows people on lower incomes a higher tax-free threshold." and "...His answer is quite correct."

Rudd's comment "On the question of the tax system, though, let's just go to how it's structured. What we have is what we call a tax-free threshold. I think, from memory, it's about $12,000 or $15,000. That means for that first $12,000 or $15,000 that you earn you're not taxed."

LOL

http://www.theaustralian.com.au/politics/lindsay-tanner-defends-kevin-rudd-pm-against-claims-of-a-tax-threshold-gaffe/story-e6frgczf-1225857550259