Dave,one of the big mistakes Beazley made in his election...

Dave,
one of the big mistakes Beazley made in his election campaign was his inference that people earning $60,000 were wealthy, that as a family income is near on 'subsistence level'. At least Latham is talking about bringing the top tax bracket up to 80k, I think they should do away with it. Here's my tax proposed scales;

INCOME TAX
up to $10,000- 0% tax
$10,001 to $24,000- 20% tax
$24,001 and up- 30% tax.

SUPERANNUATION TAX
Tax on super as it goes in- 0%
Tax on earnings of fund- 0% except for overseas investment where tax of 10% applies
Tax as super comes out- 10% is 'assessable' as income if it is taken as a lump sum, if taken as a 'pension' no tax is payable up to a maximum drawdown.

To pay for this we will be getting rid of the 'state' level of government.