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Well this looks a lot better, than the original idea, if it proves correct.The down side is, it would be inflationary, but any tax cut would be IMO, so at least this would be much fairer and reward for those at the bottom of the tree is the same as those at the top. It also IMO is better than subsidies, that just amplify bill shock to the poor when they are removed.[URL unfurl="true"]https://www.abc.net.au/news/2024-01-24/cost-of-living-caucus-meeting-preview/103380376[/URL]On Monday, 2GB reported the government would consider keeping the top tax threshold at $180,000 instead of letting it rise to $200,000 in July as is legislated, and would instead raise the tax-free threshold that applies to all taxpayers.
Well this looks a lot better, than the original idea, if it proves correct.
The down side is, it would be inflationary, but any tax cut would be IMO, so at least this would be much fairer and reward for those at the bottom of the tree is the same as those at the top.
It also IMO is better than subsidies, that just amplify bill shock to the poor when they are removed.
[URL unfurl="true"]https://www.abc.net.au/news/2024-01-24/cost-of-living-caucus-meeting-preview/103380376[/URL]
On Monday, 2GB reported the government would consider keeping the top tax threshold at $180,000 instead of letting it rise to $200,000 in July as is legislated, and would instead raise the tax-free threshold that applies to all taxpayers.
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