Australian Politics Forum - Tax changes waiting in the wings

hadrian_now

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Tax changes waiting in the wings
Mar 30^th, 2013 at 11:11am

The first question is will there be a rise in GST.
I was opposed to the GST before it came in because of its regressive nature, but it's here to stay now.
There's no doubt that the states need more funds and the only way they are going to get them is for a rise in GST revenue. The question is how.
We don't want to see it imposed on food because that only increases the regression.
We don't want it to become more complicated with different, higher rates on certain categories of goods & services otherwise it ends up a nightmare like the old sales tax. But short of an overall rate rise that is the only way to go.
I would go for a general rate rise of 2.5%.

An incoming Abbott govt is going to have budget problems for a few years. It too is going to need increased revenue, especially as it has promised to abolish the mining tax & the carbon tax and there is no way it can go back on those promises. The mining tax imo is carzy anyway, even if it ends up producing significant income, because it sends all the wrong signals to a sector we are desperately reliant on.

I think there is a good case for a rise in income tax, or a supertax, on high income earners, say an additional 5 or 10% on incomes above $150-200,000. It would only apply of course to the part of taxable income above those levels , not to the whole income.
I have no idea what it would produce, I suppose I could find out if I wasn't lazy, but if it wasn't enough put a second higher increase to kick in at say $300,000.
Economists & bureaucrats will tell you a tax has to have simplicity and over the years that has come to mean fewer steps in the income tax scale.
I don't go along with that. Our tax scales used to have about 15 different steps so I don't see that a couple more now would cause problems.

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Maqqa

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14% - that low?!

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Re: Tax changes waiting in the wings
Reply #1 - Mar 30^th, 2013 at 12:09pm

As I said previously hads

The Aust GDP is about 15% higher now than it was in 2007 - back then we achieved a surplus

So we simply need to make sure Aust understand that it's going to take some pain to fix the ALP mess. All clean ups looks big when you start

The alternative is to allow Gillard/Swan run this country into the ground. They will not start the clean up

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Bobby. Gold Member Offline Australian Politics Posts: 105219 Melbourne Gender:	Re: Tax changes waiting in the wings Reply #2 - Mar 30^th, 2013 at 12:18pm We don't need MORE taxes - we need to live within our means. It wouldn't matter if the GST was 25% - Labor would still spend it all & borrow another $300 billion. Labor cannot & will never be able to manage money.
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scope

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Re: Tax changes waiting in the wings
Reply #3 - Mar 30^th, 2013 at 12:36pm

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

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Bobby.

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Re: Tax changes waiting in the wings
Reply #4 - Mar 30^th, 2013 at 12:39pm

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

No - it's just based on a feeling I have.

I have lost all hope in Labor as money managers.

Now - your say -

can Labor manage money?

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Bobby. Gold Member Offline Australian Politics Posts: 105219 Melbourne Gender:	Re: Tax changes waiting in the wings Reply #5 - Mar 30^th, 2013 at 12:41pm Added a poll.
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Sir lastnail

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Re: Tax changes waiting in the wings
Reply #6 - Mar 30^th, 2013 at 12:45pm

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

Really it's not that hard to do research http://www.australiandebtclock.com.au/

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gov_debt_001.gif (17 KB | 30 )

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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scope

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Re: Tax changes waiting in the wings
Reply #7 - Mar 30^th, 2013 at 12:46pm

Bobby. wrote on Mar 30^th, 2013 at 12:39pm:

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

No - it's just based on a feeling I have.

I think my point has been made

I have lost all hope in Labor as money managers.

Now - your say -

can Labor manage money?

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hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Tax changes waiting in the wings Reply #8 - Mar 30^th, 2013 at 12:47pm Of course, I'm not saying Abbott should or would do anything as stupid as flag a supertax before the election. The dentist doesn't hold up his drill and say look, I'm going to use a No 12.
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Bobby.

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Re: Tax changes waiting in the wings
Reply #9 - Mar 30^th, 2013 at 12:47pm

scope wrote on Mar 30^th, 2013 at 12:46pm:

Bobby. wrote on Mar 30^th, 2013 at 12:39pm:

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

No - it's just based on a feeling I have.

I think my point has been made

I have lost all hope in Labor as money managers.

Now - your say -

can Labor manage money?

Have your say in the poll then.

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Sir lastnail

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Re: Tax changes waiting in the wings
Reply #10 - Mar 30^th, 2013 at 12:48pm

Maqqa wrote on Mar 30^th, 2013 at 12:09pm:

As I said previously hads

The Aust GDP is about 15% higher now than it was in 2007 - back then we achieved a surplus

So we simply need to make sure Aust understand that it's going to take some pain to fix the ALP mess. All clean ups looks big when you start

The alternative is to allow Gillard/Swan run this country into the ground. They will not start the clean up

The abort cutbacks will cause the country to go into a recession. Count be helped I suppose Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby.

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Re: Tax changes waiting in the wings
Reply #11 - Mar 30^th, 2013 at 12:50pm

hadrian_now wrote on Mar 30^th, 2013 at 12:47pm:

Of course, I'm not saying Abbott should or would do anything as stupid as flag a supertax before the election.
The dentist doesn't hold up his drill and say look, I'm going to use a No 12.

In the end it will be all the little people like us - who wind our weary way to work -
who have to pay off this debt.

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scope

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Re: Tax changes waiting in the wings
Reply #12 - Mar 30^th, 2013 at 12:50pm

Sir lastnail wrote on Mar 30^th, 2013 at 12:45pm:

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

Really it's not that hard to do research http://www.australiandebtclock.com.au/

And why is debt such a bad thing?
manageable debt that is, you like many others have been brainwashed by Howard and Costello.

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Sir lastnail

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Re: Tax changes waiting in the wings
Reply #13 - Mar 30^th, 2013 at 12:52pm

scope wrote on Mar 30^th, 2013 at 12:50pm:

Sir lastnail wrote on Mar 30^th, 2013 at 12:45pm:

scope wrote on Mar 30^th, 2013 at 12:36pm:

Bobby. wrote on Mar 30^th, 2013 at 12:18pm:

We don't need MORE taxes - we need to live within our means.

It wouldn't matter if the GST was 25% -
Labor would still spend it all & borrow another $300 billion.

Labor cannot & will never be able to manage money.

You know Bobby it's c rap statements like this that make me wonder just how smart the average Australian is, do you ever think for yourself? do you do any research? do you have any data to back up your statement?

Really it's not that hard to do research http://www.australiandebtclock.com.au/

And why is debt such a bad thing?
manageable debt that is, you like many others have been brainwashed by Howard and Costello.

Because it costs us 13 billion a year in interest alone to have that debt with little to show for it Sad

just look at Europe and USA and then that should answer your question as well Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Offline Australian Politics Posts: 105219 Melbourne Gender:	Re: Tax changes waiting in the wings Reply #14 - Mar 30^th, 2013 at 12:54pm Nail, Quote: Because it costs us 13 billion a year in interest alone to have that debt with little to show for it That's $13 billion that can't go to: hospitals, schools & roads. JuLiar couldn't care less about the poor.
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Poll
Question: Can Labor manage money?
yes 5 (55.6%) no 4 (44.4%) not sure 0 (0.0%) Total votes: 9 « Created by: Bobby. on: Mar 30^th, 2013 at 12:41pm »