Re: Tax the rich?
|
|
bungarra,
youre only mentioning INCOME not existing or inherited or accumulated wealth. If a rich Chinese person moves to Australia (which I support) they arent paying income tax. They'll keep their millions offshore and spend here as they desire.
Income tax is UNFAIR tax. Its more unfair than the GST.
Id like the GST even higher on unimportant things, eg airfares, cars, jewellery, televisions.
Pre-2000 under the old sales tax system jewellery and TVs were taxed at 32% while the general rate was 22%.
(I was a tax officer from 1993-2000)
Last edited by turbodewd; 04-05-2014 at 02:16 PM.
Reason: k
|