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| *Loan,banking and credit>>>tax reform |
What do you think of the tax reforms announced in the Budget? |
What do you think of the tax reforms announced in the Budget? They seem ok but it benefits the high income earners more(pretty typical of the libs).With all the surplus though I think more should be spent on mental health, the aged and education. Maybe more uni places and lessening of uni fees etc. He makes it sound like everyone will benefit but when one person gets more somewhere down the line someone gets less. The tax cuts were well overdue and there wasn't much serious reform of the system going on, but the elimination of tax on superannuation payouts was excellent and much needed. Once again the top earners got most of the benefits and those in the middle were largely ignored - at least the people at the bottom got a look in this time. There's still more than enough cash to go further next budget. They (once again) don't do much for people in my situation - young, married, average income, no kids, receiving no government benefits. I think we worked out our household will get about $15 per week in tax cuts and that's it. It seems to be better for those with kids because the government is persisting in trying to tempt people to have families. What they still haven't figured out is it is attracting the wrong type of people to have kids (ie young kids who think that the government is going to give them a free ride) There is a hand out for most people in this budget, i haven't yet gone though it with a fine tooth comb im not about to give it a hard time or sing it many praise's. Yet another surplus i would like it better if we had smaller surplus's and more spending on essental service's such as health care(mentally ill) and public transport(to help the states sort their problems) however in doing this i know that the govenment needs to watch the CPI. There is only so much tax breaks the govenment can give in PAYE tax to middle income earners as a 0.5% tax break cost the government billions of dollars because of the amount of people in that tax bracket. I would prefer to see the tax help in the way of increased family payments for single working families as these are people that tend to need it the most. |
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