That $80000 annual income looks ok on the surface.Unfortunately the Gov changed the gold posts.If you were working your bum off and using super savings to look after kids with a disability -, our views would change.
Like many Govt. decisions they are knee-jerk reactions and not well thought -out decisions based on good research and understanding,but usually vote buying.
The alternative present to us when we last voted in a Fed election was ,I believe from memory, taxing income over $72,000.This was much safer and allowed for market fluctuations.If we have another GFC, then $1.6 mill could easily become $400,000 throwing the "wealthy" onto a pension.....let alone when the inflation Genie comes out of the bottle!
I have no political leanings in making the above comments, but just express disquiet at the poverty of political credibility in a government that should be serving all its constituents.
