Hi Valen
Why would Australia want a flat tax system?
Wouldn't such a system make the rich richer and poor poorer?
Look at say 20% tax and incomes of $30,000 and $300,000.
One takes home $24,000 and the other $240,000.
In the current tax system the $30,000 earner is probably paying more tax in the new flat rate system and the $300,000 earner is probably paying less.
The poor get a tax hike and the rich get a tax break?
Dex
- Forums
- Political Debate
- Could Australia handle a flat rate tax system?
Could Australia handle a flat rate tax system?, page-20
-
- There are more pages in this discussion • 84 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries