Australia's largest stock trading and investment forum Australia's #1 stock forum

That is why it makes sense to keep a number of thresholds that...

First 216 Last

Share
Profile

Follow
oldbull26

7,891 Posts.

62

24/01/24

12:29

Post #: 72041453
Share

Originally posted by Raphius: ↑

The problem is he has broken 2 promises now, the super promise and now this one, and both of those are not indexed. This is the root of the problem, I wouldn't have a problem if they changed both of those things but indexed them as more people are going to be in these brackets in the future and with inflation it is tax by stealth. The top tax rate has not been changed in 15 years, it should change due to inflation, this is what stage 3 is about returning taxpayer money due to bracket creep and it would have applied to everyone. Instead people are arguing over who should get what tax breaks instead of pushing for indexation and without indexation everyone gets screwed over in the long run. Better would have been to raise and index the tax free threshold.

Expand

That is why it makes sense to keep a number of thresholds that could be indexed. Indexing the ST3 cuts would not have helped those below $200k.
Upvote

Reply

Top Stories

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

There are more pages in this discussion • 182 more messages in this thread...

First 216 Last