hmmmmmm - we would have to ask him exactly what he means
of course no one pays 80% tax
but, if you look at a dollar - and you followed that dollar, the tax paid during the journey of that dollar would be not only very complex - but, the tax paid or received on it would be massive
so - with such a wild statement like the 80% thing - I would want someone to explain what they mean
it's along the same line where I say that if government paid more for say disability or aged pensions - then, it probably wouldn't cost them anything - indeed, the government would probably make far more back - because
they pay out an extra dollar to some centrelink recipient - then, that person spends that dollar - the goverment immediately gets 10% back in gst
then, the shop keeper where the dollar was spent pays his supplier - both of whom pay company tax - the company pays salaries from the profit - of which the people who get the salary pay income tax - then, that which is left - is spent by them - 10% gst again -
and, the ball just keeps rolling over and over and over
maybe he is thinking something along that line????????
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