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The top 3.6% pay 31% of all income tax while the 41.5% on the...

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sholtz

2,108 Posts.

789

09/05/23

14:42

Post #: 67680710
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Originally posted by CharlieShares: ↑

most of Australias issues stems from taxing workers to much and people with generational wealth too little

id personally get rid of income tax boost the GST to 50% and have a 50% death tax on all assests

id also get rid of trusts and the tax loopholes it brings

this system encourages workers, taxes over consuption (better for the environment) and stops growing inequity from those who have simply been here longer

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The top 3.6% pay 31% of all income tax while the 41.5% on the average income pay 29.8%

I’d be doing cartwheels if they abolished income tax, but I guarantee that would only widen the divide of the haves and have nots.

And if they got rid of income tax most wouldn’t require a trust which they use to help minimize tax.
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