Australians could keep more of their wages if we rebalanced taxes on other forms of income

a year ago by Davriellelouna to c/australia

A dual-income system would encourage people to invest in themselves while reducing incentives to split or reclassify income to exploit lower tax rates

makingStuffForFun 16 points a year ago

Australians could keep a metric shit ton of their wages, if we just taxed the mining sector, and fired our corrupt politicians.

We would have free education / universities, free health care, free dental and more.

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Kayel 12 points a year ago

Do not tax income

Tax wealth (progressively)
Take royalties for mining
Remove the capital gains discount

An income tax is an attack on workers

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DavidDoesLemmy 0 points a year ago

That incentivises people to spend everything they earn.

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Kayel 2 points a year ago

No. These policies don't.

Which policy and why?

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sola 7 points a year ago

I don't really get how this would improve anything. We already dual income system. Most capital gains likely get a 50% discount. Invest under a company for likely a flat 25%.

Cynically we know what is going to come of this summit, Corporate tax rate will be lowered to 25%.

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Kayel 3 points a year ago

Do not tax income

Tax wealth
Take royalties for mining
Remove the capital gains discount

An income tax is an attack on workers

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DavidDoesLemmy -3 points a year ago

This is unfair for people who have already saved/invested. They paid the higher income tax rates initially and they would pay higher tax rates on their retirement nest eggs.

This government can't even sell the idea that we should talk to indigenous people about indigenous issues. So I have little faith they'll get through significant tax changes.

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Gbagginsthe3rd 0 points a year ago

You got yours, screw the rest?

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