Moly, if you earn $34,000 per annum you only pay 15 cents in the dollar after $6,000 tax free threshold. You may only be part time and look after kids the rest of the week.
On the other hand if you work 100+ hours per week and earn $180,000+ per annum, you pay a whopping 45 cents in the dollar for all of you toils. That's three times the tax rate of lower income earners. That is an enormous amount of tax to be paying out of your pocket each and every pay.
I understand the need to tax higher earners at a higher rate but do we seriously have to have an even larger gap between those that earn high salaries (like specialist surgeons that studied for 10+ years before earning a dollar to pay back all of their university debt) compared to a part time worker stacking shelves in a grocery store?
