"Low income earners wouldn't pay more tax" And high income earners pay less tax
LOL wealthy people work most of their affairs via a trust and company structure so all expenses are paid with pre tax $ and they claim back any GST they pay. They also claim depreciation on assets which also lowers taxable income.
With a trust income can be distributed to family members who are on lower tax bracket, lets say they have 3 children and parents that are retired they can allocate $20k to each which is under the tax threshold for each so $100k goes untaxed. They can distribute $45k to each and only $25k is taxed at the 16% rate Often the case that the income distribution declared but doesn’t actually take place
