Groundhog day, page-83

  1. 48,088 Posts.
    For starters the so called superannuation concessions are a fiction.

    The law says super is taxed at 15% on the way in and 15% on earnings. 30% on the way in for high income earners. Then someone says that it's not taxed the same as income from other sources so the government is losing revenue. Which is absolute rubbish. Firstly the money is locked up until retirement and secondly it part or totally funds someone's retirement thus saving the government future expenditure.

    As for saying you don't mind a bit of trimming I'm not convinced. What are you prepared to give up?

    As for paying enough at nearly 50% of what I earn in Australia yes I think it is more than enough.
 
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