Should the GST be increased/widened?

[luutzu]

That is a statement by someone that obviously hasn't lived / doesn't live, in the real world.

You've taken it out of context

Was saying that all those politicians are saying or implying when they do these kind of taxes - encourage hard work and innovation and fairness etc.

 

[Logique]

Yes I thought you were using irony Luutzu.

TS, we happen to have a progressive tax system. The Turnbull/Morrison proposal redistributes a big segment of the increased GST take as tax cuts for the higher brackets.

Their 15% GST proposal is simply a tax increase, and it's lazy, elitist and regressive policy.

Where is the Coalition rhetoric now, about Australia having a spending problem, not a revenue problem.

It's an electoral gift for Shorten and Plibersek, if they can tear themselves away from prancing around on the beach at Kiribati.

 

[Tisme]

You've taken it out of context

Was saying that all those politicians are saying or implying when they do these kind of taxes - encourage hard work and innovation and fairness etc.

Shame on you luutzu

 

[luutzu]

Shame on you luutzu

How is it that you could get away with saying stuff like that and I can't?


oh yea, heard from Morrison about "new era"; from Turnbull about fair and equitable tax... we're going to get it alright.

 

[Tisme]

How is it that you could get away with saying stuff like that and I can't?

.

Skin tone?

What would a Viet know about GST and Humour

 

[drsmith]

Sure is good to have friends in high places.

GST hike to hit poor hard and leave rich unscathed, research shows
http://www.smh.com.au/federal-politics/political-news/gst-hike-to-hit-poor-hard-and-leave-rich-unscathed-research-shows-20151104-gkqkyg.html

View attachment 64905

In terms of the debate between broadening the base of the GST and increasing the rate, that table allows us to calculate the proportional impact of broadening the base as described therein on each of the income groups as follows,

$26,131: 34%
$49,636: 38%
$75,931: 33%
$105,503: 31%
$172,638: 29%

The difference is relatively small between the groups and in my view adds further weight to broadening the base before increasing the rate.

 

[drsmith]

Regressive and predatory, and this is the proof.

There's two ways to deal with the regressive nature of taxing consumption. That's either as a tax on an item by item basis as existed under the pre-GST sales tax regime (which incidentally governments used to change (increase) on an ad-hoc basis) or a broader based more efficient consumption tax (GST) with compensation elsewhere within tax/transfer to manage regressivity.

Beyond that, it's an argument about whether or not consumption should be taxed at all.

 

[Knobby22]

The GST is such a political animal and in the States hands. If I was Turnbull I would ignore it as a distraction and work on other elements of the taxation system. I personally don't think there is much of an argument to increase it, maybe widen it a bit to include education. Just a vote loser really.

 

[drsmith]

The GST is a significant part of the tax mix and on that basis alone needs to be considered as part of the overall reform process.

If it's not then reform is significantly compromised from the outset.

 

[Bill M]

I think raising the GST will hit lower income families that have kids the hardest, particularly if it is extended to include food.

What about just raising tax levels by just 1c in all brackets. ie. 19c per dollar bracket becomes 20c and 32.5c bracket becomes 33.5c, I reckon almost everyone most probably could manage that, even I as a self funded retiree could. Whether it would fill the shortfall for the services required, I don't know.

 

[Junior]

I think raising the GST will hit lower income families that have kids the hardest, particularly if it is extended to include food.

What about just raising tax levels by just 1c in all brackets. ie. 19c per dollar bracket becomes 20c and 32.5c bracket becomes 33.5c, I reckon almost everyone most probably could manage that, even I as a self funded retiree could. Whether it would fill the shortfall for the services required, I don't know.

Income tax already increases every year as a %% of income due to bracket creep. The top marginal tax rate is already 49% with budget repair levy and medicare. Should be lowered not increased!

Self funded retirees have a MTR of 0% thanks to tax free pensions!!

 

[drsmith]

Whether it's income tax, GST or any other tax, simply increasing them to raise more revenue only encourages governments to spend more and it turn seek more tax.

 

[Bill M]

Self funded retirees have a MTR of 0% thanks to tax free pensions!!

Not those under the age of 60 drawing a super pension. They still get taxed on the concessional part of their super, less 15% offset.

I still pay tax on the other stuff I have out of super, I am expecting a tax bill this year for sure. They got to raise revenue somehow, It's just a matter of how.

 

[Tisme]

Whether it's income tax, GST or any other tax, simply increasing them to raise more revenue only encourages governments to spend more and it turn seek more tax.

agreed

 

[Junior]

I'm OK with raising rate of GST if it comes with permanent tax cuts in other areas, ie:
* stamp duty
* raise income tax brackets
* permanent cut to company tax rate
* scale back super tax concessions
* A cap/limit on tax free super pensions
* GST should not be imposed on fresh fruit/vegetables - we are fat enough as it is!

 

[trainspotter]

If we don't raise it then this will be us very, very soon.

 

[Ferret]

* GST should not be imposed on fresh fruit/vegetables - we are fat enough as it is!

100% agree. We shouldn't be driving people away from healthy eating. Leave fresh food out of the GST mix.

 

[DB008]

Increase GST to 15%

Flat tax rate of 20% (which should remove loopholes like Trusts et al...)

Remove negative gearing

Benefits should be slashed - l'm sick to death of paying for bludgers, they should also look at stopping benefits of people who earn a combined income of more than $150k (like childcare/medical benefits)

It will never happen, so why even talk about it....

 

[SirRumpole]

Something has to be done about the ballooning health expenditure.

More diseases being diagnosed, more expensive machines and drugs to treat them and the rapidly increasing mental health problem meaning ever more expensive psychiatrists to pay.

This is all a consequence of rapidly increasing population (a large proportion of which is immigration) which I cannot see any need for. Of course businesses say they need more customers but they are not prepared to employ them here, eg more call centres going to the Phillippines, manufacturing is dying and technology will take over many jobs.

There is not enough focus on the rapidly changing demographics that are destroying our way of life.

 

[luutzu]

Skin tone?

What would a Viet know about GST and Humour

The guy's pretty funny there. But he probably misunderstood why his mother dressed his brother up to look like a girl.

Asians/Chinese believe that after a tragic early death in the family or if the child suffer a serious illness (or dangled by a pirate), the name and gender should be changed and the mother's role changed to be a nurse instead of his real mum. To fool evil spirits etc. Hence Khoa was dressed up to look like a girl - not the poor refugee story. Though it won't be as funny.

Here's a funny story from us.

When we first got here the Red Cross gave us mattresses and clothes too. Also gave us a bean bag. It got torn off (3 boys in the family) all over the carpet. It's one of those 70s long-haired carpet you can't just sweep up.

So we did the best we can with little fingers.

Then one day a vacumn cleaner salesman turns up

Fancy vac going for something like $2,000. He said it's the best out there. Did a demo on Dad's shirt to show how a clean shirt could contain so much dust... Then Dad has an idea... can you show me how it works on a real carpet?

The salesman was onto it but he was a good sport

----

Another one...

You know those canned dog food?
Friends of the parents were among the first Viets to settled here and haven't a clue about English. So one of the guys thought those dog food were actual dog meat - what rich crazy people would make food for dog that fancy right?

Being a drinker and you know, dog meets beer.

He eventually figured it out somehow but said it tastes pretty good.