I am not sure if it is true - but I was told/read somewhere that if all income in Aus was taxed at a flat rate of 10% with NO DEDUCTIONS allowed then it would be more money than the total tax haul. I would be happy with that setup. And so simple too - but I don't think accountants would be too pleased. Not sure if anyone knows how to do the sums on that to check.
I was also told/read that if the 10 wealthiest Australians payed 45% of their earingings in tax that it would roughly equal the entire current tax haul. Again no idea if the figures are true though.
- Forums
- General
- fat cats may be taxed 50pct under new plan
fat cats may be taxed 50pct under new plan, page-4
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)