Tax the rich?
|
|
So Joe Hockey is planning to raise income tax on us in the Fed budget in 2 weeks. Great!
Meanwhile the following still occurs:
* those in the criminal economy dont pay income tax
* many/most of the very rich dont pay income tax
* those in the cash economy pay some or no income tax
Great!
But at least these 3 groups pay GST. When they visit Maccas, buy a Maserati or fly from Syd to Cairns. Even if a company or other entity they control pays for these things the GST is still being paid.
I challenge anyone here to tell me why income tax should be raised for you and me while the 3 groups above wont do a shred of heavy lifting on budget night.
Solution: raise the GST, broaden it. If it hurts some grannies, raise the pension.
|