yes i agree. There are so many ways to lower your tax burden. Self managed super. Trusts. Income splitting. To name a few. Believe it or not there are some that play the game fairly and they are then punished with tax rates of 47% plus medicare levy. Some people dont even put their super into retirement mode when they retire. There are all all sorts of reasons for the above. My reason is i like to play fair and pay my share.
one thing i think should happen is personal tax rates should be much lower. The CGT rate should be raised. Then you pay more if you spend more. Poor pay less rich pay more. Dont want to pay more dont buy.
just my thoughts. Im obviously stupid.
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yes i agree. There are so many ways to lower your tax burden....
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