Of course the amount of income tax raised will increase. It...

  1. 7,869 Posts.
    lightbulb Created with Sketch. 60
    Of course the amount of income tax raised will increase. It increased by $28 billion between 2012 and 2022. For every $60 pay rise you get it is likely $20 of that will flow to extra income tax revenue. Then add in the population growth and additional workers all paying tax and you have your $28 billion over 10 years.

    However.............".MASSIVE INCOME TAX INCREASES" this is a headline only argument the RW media love to sprout aimed squarely at an audience without the brain cells to look beyond the headline. They might understand inflation and prices rises in shops but tax increases from wage growth is beyond them


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.