RIO rio tinto limited

40% super tax, page-15

  1. 4,942 Posts.
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    Nice to know the proceeds of the 'Super Tax' will be used down the track to prop up all those currently employed miners, who will be unemployed in 3-4 yrs time I quote Kevin,

    "The government will use the super taxrevenue to contribute up to $500 annually to the superannuation accounts for those on incomes of less than $37,000. Workers aged over 50 with superannuation balances of less than $500,000 will be able to put in $50,000 a year at concessional rates, double the existing cap.

    Funny kind of logic Kevin, I mean in a clowny way, it works.

 
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