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They did a major 'simplification' of the Tax System in the...

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BugGold

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05/01/20

19:47

Post #: 42235286
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Originally posted by Astral: ↑

if gst is increased there must be a credit system where income below threshold pay zero gst. ie they get a refund in the form of a credit. simply because GST is a REGRESSIVE tax. i call it stupid tax. For example , in a year, a high income earner buys the same groceries as homeless joe, both pay $1040 for gst, which is 0.4% of the income by the high income earner but is 9% for homeless joe.

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They did a major 'simplification' of the Tax System in the '90s.
I believe it went something like this.....before 'simplification' the tax legislation was 1500 pages, after 'simplification' 6000+ pages
So you can only imagine what a 'improvement' of the Tax System would entail
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