Tisme
Apathetic at Best
- Joined
- 27 August 2014
- Posts
- 8,954
- Reactions
- 1,152
These podcasts are rather interesting, Sam Dastyari observations are insightful.
http://www.tai.org.au/podcasts
http://www.tai.org.au/podcasts
...and yet 18 months ago he advises the Govt to delay tax reform until after the election... in other words, not take tax reform to an election...
http://www.afr.com/news/special-rep...-turnbull-to-delay-tax-reform-20150922-gjsrjx
I'm no fan of Ken Henry at all. He wanted to tax the family home, raise the super preservation age, increase the GST and put up a mining tax. That all went down very well
Mr Henry said the "genuine education of or at least consultation" with the community that is required for successful tax report hasn't happened. "And we're going to need at least that for this tax reform package."
...and yet 18 months ago he advises the Govt to delay tax reform until after the election... in other words, not take tax reform to an election...
http://www.afr.com/news/special-rep...-turnbull-to-delay-tax-reform-20150922-gjsrjx
I'm no fan of Ken Henry at all. He wanted to tax the family home, raise the super preservation age, increase the GST and put up a mining tax. That all went down very well
Not spending an extra $50b on tax cuts for a start. Reforming negative gearing is another.So how do you suggest the government pay back the bad debt of $500 billion most of which was created by Labor's bad management and and again by Labor for blocking economic savings in the senate....Including $5 billion savings which was in their own policy.
Not spending an extra $50b on tax cuts for a start. Reforming negative gearing is another.
First of all, it's not the $500b you have to worry about. It's the net debt... around $300b.
One of the biggest drag on budgets is health. So the Medicare levy needs to be looked at. It's currently pulling in around half its annual costs. So it needs to be increased in gradual increments. 2% extra will mitigate the interest bill... around $15b a year.
Finish the NBN rollout. Every connection is revenue. The more people connected the greater the revenue. Eventually, it'll be sold off just like everything else gets done when Libs are in power.
That's all you need to do for now. Over time the future fund will increase and its gains fed into the budget every year will increase.
Most important. Stop talking the economy down with constant jibes about debt. Consumer confidence is an inexhaustible commodity.
That's my plan. What's yours ?
Might be waiting a while. I don't see that toad being PM anytime soon..
I want to be a fly on the wall when Shorten becomes PM
So how do you suggest the government pay back the bad debt of $500 billion
* Negative gearing, capital gains, superannuation reform..
What sort of reform would you want on capital gains?
There is a 50% discount on CGT if a property is held for a year ? That discount could be altered downwards to reap more government revenue.
I never really understand how they managed to convince the public that capital gain is somehow a different income to income from labour. One that ought to be treated with a special discount.
It's to stop people paying tax on capital gains that are the result of inflation. Pre the discount cap gains were indexed to remove the effect of inflation.
There is no discount for inflation for income tax is there ?
Why would there be? We're not in Zimbabwe.
It's to stop people paying tax on capital gains that are the result of inflation. Pre the discount cap gains were indexed to remove the effect of inflation.
I never really understand how they managed to convince the public that capital gain is somehow a different income to income from labour. One that ought to be treated with a special discount.
To encourage investments; reward aussie battlers who's doing it tough they have cash to spare investing in stuff.
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