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AmbrosePethick

16,882 Posts.

13/04/24

10:10

Post #: 73327054
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Originally posted by moorookamick: ↑

So the bottom line for 23-24 Tax year is :
Individuals pay $ 330 Billion tax (personal + GST....companies dont pay GST)
Corporates pay : 93.9 Billion tax

Therefore individual Aussies pay 3.5 times that of corporates
In a country so rich with IO, Coal, LNG & Minerals ..that is
a fair stretch from being a "fair go" IMO.

To close the wealth divide, Multinationals need to be taxed higher
(EG Shell Oil despite an enormous price hike in Oil pricing doesn't expect to
pay any Aus Corporate tax until 2026!!....& I guess by then they will likely
have found yet another loophole!

So forget about the Aussie battlers...its the Billionaire/Corporations bludgers
that are the real threat IMO.

https://www.abc.net.au/news/2023-11-05/lots-of-companies-legally-pay-no-tax-why-do-taxpayers-give-them/103059742

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I am not even going to bother reading the link as it's by the New Daily.

But I will state unequivocally that wealth generation is up to the individual. Taking personal responsibility for your circumstances is a good start.

Being prepared to work smart/hard is also a good idea and moving out of your comfort zone can be helpful.

There are plenty of opportunities in Australia to make serious wealth. Just get off your fat ass and have a go. If you fail, have another crack.
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