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You are aware everyone is getting a big tax cut in July aren't...

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Tarvold

19,762 Posts.

1217

23/05/24

21:16

Post #: 73983244
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Originally posted by 1stPrize: ↑

Irrelevant. Number 1 account RBA is fungible.

The 2025-2026 Budget will be released in May 2025.

All monies paid from Account Number 1 are based upon paid tax. Any money handed back from Account 1 is 'handing back tax'. When tax is collected and then just handed back, alongside the administration of same, and alongside the expenditure of more tax monies to advertise that tax money is being returned, then it would be better if that tax was not collected in the first place.

Less taxation would put more cash into the pockets of tax payers.

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You are aware everyone is getting a big tax cut in July aren't you?
The primary reason the budget will be in deficit for a decade.

Last edited by Tarvold: 23/05/24
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0 Great analysis

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