Please delete wrote on Feb 7
th, 2011 at 2:16pm:
Verge wrote on Feb 7
th, 2011 at 2:11pm:
The thing that pisses me off about the Australian Taxation system is it is designed to punish single income families who have a stay at home parent.
I will wear the levy, except if my income was split we would just escape it after deductions.
Its funny how the government wants to help families, just not traditional ones.
Hey verge, try being a single with no dependants! Get NUTHIN!
Well we were DINKS (double income, not kids) up unless June last year, then my wife took early maternity leave thanks to violent morning sickness and we wore that.
But they talk about wanting to help families yet there is no tax incentive for a parent to stay at home. While one has an income of zero, the other is paying $0.40 in the dollar over $80k, yet dual incomes on $45k each enjoy a much lower rate.
Single income family - $90k salary - Tax Paid in total is $22,000 with a nett of $68,000, or $34,000 each.
Dual income family of $45k each is tax paid of in total - $16,200 with a family nett of $73,800, or $36,900 each.
I dont know about you, but why should one family be $5,800 better off than another?