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Current time: February 12, 2025, 6:08 pm

Poll: Which party you would vote for in the upcoming Australian federal election
This poll is closed.
Labor
33.33%
1 33.33%
Coalition
33.33%
1 33.33%
Greens
33.33%
1 33.33%
Others
0%
0 0%
Total 3 vote(s) 100%
* You voted for this item. [Show Results]

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Upcoming Australian Federal Election
#8
RE: Upcoming Australian Federal Election
I think there are huge obstacles to taxing the wealthy. One being that anyone with a business can cap their tax rate at 30% because that's the company tax, whereas income tax brackets are 0-18k 0%, 18-37k 19%, 37-80k 32.5%, 80-180k 37%, 180k+ 45%. The problem here is that anyone who owns a business can, and does, pay themselves a salary of $37,000, plus superannuation ($3,330), then pay the company tax on profits (28.5% for a small business, 30% for everyone else), effectively saving themselves $11,400 in income tax if their salary was $180,000 in total as a small business. The system at the moment isn't fair, it needs improvement. What really needs to happen is income tax needs to be scaled back to a fairer spread. But creating equity at the higher tax brackets will make the taxation system more recessive (less fair to those at the bottom). It's really not an easy fix.
For Religion & Health see:[/b][/size] Williams & Sternthal. (2007). Spirituality, religion and health: Evidence and research directions. Med. J. Aust., 186(10), S47-S50. -LINK

The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK


"That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke
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Messages In This Thread
Upcoming Australian Federal Election - by Justtristo - March 19, 2016 at 5:48 am
RE: Upcoming Australian Federal Election - by Aractus - March 19, 2016 at 8:35 am
RE: Upcoming Australian Federal Election - by Justtristo - March 20, 2016 at 5:13 am
RE: Upcoming Australian Federal Election - by Aractus - March 19, 2016 at 8:44 am
RE: Upcoming Australian Federal Election - by Little lunch - March 19, 2016 at 10:18 am
RE: Upcoming Australian Federal Election - by Aractus - March 19, 2016 at 11:01 am
RE: Upcoming Australian Federal Election - by Brian37 - March 19, 2016 at 11:35 am
RE: Upcoming Australian Federal Election - by Aractus - March 19, 2016 at 11:36 pm
RE: Upcoming Australian Federal Election - by Brian37 - March 20, 2016 at 8:14 am
RE: Upcoming Australian Federal Election - by Aractus - March 20, 2016 at 8:29 am
Upcoming Australian Federal Election - by KUSA - March 20, 2016 at 12:17 pm
RE: Upcoming Australian Federal Election - by Aractus - March 21, 2016 at 8:25 am
Upcoming Australian Federal Election - by KUSA - March 21, 2016 at 8:39 am
RE: Upcoming Australian Federal Election - by Aractus - March 21, 2016 at 9:23 am

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