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a nut to crack or to crack a nut?, page-15

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ironbark222

5,830 Posts.

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27/01/24

16:28

Post #: 72090043
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Originally posted by Scott th Ratbag: ↑

the bit that makes a lot of sense is the widening of the 30% bracket to reduce the anxiety of bracket creep.

thats the bit that Albanese retained and used in a way to promote the central idea in Morrison's rationale.

the rest is refocusing the effect of the cuts from Morrison's clear aiming at gifting the wealthy a large bonus to Albanese lowering the bonus to the wealthy by half and spreading the joy across all tax payer cohorts.

the need for Govt revenue dictates that tax cuts shouldn't reduce tax overall if possible.

Albanese could have gone for abolition of the S3TCs, as Abbott would have done had it been instigated by Gillard. instead he modified it to make the cuts equitable.

Verms, a question: if we were to have a flat tax rate on income, what %age should apply and how would that effect Gov revenue?

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God you assume a lot to make up for your lack of knowledge.
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