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Airbus Albo reported to be getting ready to renege on stage 3 tax cuts, page-202

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Reaper11

22,643 Posts.

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24/01/24

11:15

Post #: 72039386
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Originally posted by CharlieShares: ↑

you still dont understand having a high income doesnt mean you are wealthy!!! you can still be struggling!

are you unbelievably thick or have a learning disability

the system as is stands

you can have 30m in wealth in a PPOR and pay no tax matter of fact you can get money from welfare and contribution nothing (matter of fact if you want to work a little you are paying less)

but you can owe 1m earn 200k and be struggling and have to pay 60-70k tax pa - whilst struggling to survive

this was a small step to making the system fairer high income doesnt mean high wealth in modern Australia due to the apperication of assests mainly property

in a time when more and more people and struggling due to crazy high cost of living

im sorry but anyone supoortibg this change is so unbelievely thick or so far up the ALP butt they refuse to understand basic metrics

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It's about priorities I guess. They've decided to give more as a % of income to the poor on $100K per year than to the poor on $200K+ per year.

Reaper.
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