govt rejects increase to gst, page-44

Hmmm ... income tax and GST is an improvement on previous models ... not perfect but better. If Labor thought they could get away with it politically, they would increase the GST !!!

We should be looking at 'negative gearing' and 'capital gains tax-breaks' if we want to test the fairness of our tax system.

First Home Vendors Boost (sic) is another product of misaligned tax policy made worse by out-of-control immigration policy.

Those currently being herded into Super Pensions will find when the aggregate is consolidated sufficiently that the Govt will TAX these pensions .. another dirty little Labor secret. (thanks Ken H... !!!)

Noteworthy, that only just less than 65% of those aged >65 take up the aged pension. Age Pension distribution by sex is 1.8 females to 1.0 males.

Unlike previous generations, aged pensioners with Super retirement incomes will continue to pay tax in the form of proposed Super Pension taxes and GST.

Further, that already our $1.4trillion Retirement (Super) Funds are paying nearly $8billion per year in taxes and a direct revenue (net 42%) offset for the Govt around $19billion aged pension. Citizens Super taxes are already funding the most poor of our aged in society ... NOW !!!

Govt say $19billion (less $8billion) .. less proposed Super Pension tax less GST would suggest Aged Pensions are just about cost neutral ... but let's not let Joe Public know that, let's continue with incessant scare-mongering and media hype.

At 12% Super Guarantee Rate ... it might actually prove to be a nice little earner for the Govt ... mmm

Pensioners are yet to fully comprehend the recent changes to their world ... the Labor Govt is already clawing back the $65 increase (singles) and also with FREEZING the Asset free limit is effectively freezing pensions. Only those with less than the Asset threshold (e.g. single homeowner - $181750) will ever get another pension increase ... others will have to draw-down on assets as inflation eats away at assets and pension entitlements.

The day will come when Labor is seen to be the most cruel of any Government to date.

The Libs don't get a guernsey either ... don't forget the $65 billion so-called Future Fund was being accumulated to pay "Politicians retirement incomes" ... wake up people !!! Absconding with public taxes for the pleasure of Leaders is what corrupt totalitarian regimes do and is considered criminal fraud. John Howard called it the Future Fund and we all said "... fine John, go for it !!!"


Cheers ... tight stops.


This is only my view ... read the black stuff.