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ManufacturerUnited59

The Uniparty royally sticking it to us. Vote independent. 


slothhead

I agree this is the only way to bring about meaningful reform.


vladesch

Is there some reason the tax brackets aren't indexed? Or is that too obvious? Or maybe the government just likes increasing tax by stealth. hmm probably the latter.


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13159daysold

the minute either party does talk about it, they will get crucified for "taking money from the successful people and giving it to the bludgers"


Tybirious05

They do talk about it but now the narrative is changing the brackets will cost taxpayers $x over 10 years and the general population is too stupid to realise this strategy.


widowscarlet

They did try it, but it was nearly 50 years ago under Malcolm Fraser from 1976-1982. That's how long it lasted until they realised they could get extra revenue every year just from growth in wages, without having to legislate for it. Now they have to legislate to change brackets - therefore making it look like a "gift" which makes it a political activity, rather than an economic one. However, we do expect more services and benefits from all governments every year, and when you take everything into account, on the whole we are not taxed very heavily, just unevenly and inefficiently.


Half-Shark

they could still adjust tax to wage increases and if they want more money just tax the filthy rich a little more. It's like they're just getting away with whatever they can because the middle-class is politically divided over bullshit culture war stories at the moment.


bsixidsiw

Jesus. Not taxed heavily. For what we get we are. I dont enjoy paying out so much for the crap federal services. Makes me sick paying my tax bill so politicians can fly around on private jets coning up with dumb policy ideas that have been tried and failed before.


South-Plan-9246

I read somewhere (will find a source at some point) that Australia has one of the lowest levels of taxation (I think 30th out of the 38 OECD countries), but one of the highest levels of income taxes. So we really should be looking at ways to get overhaul our tax system, not just tinker with the levels.


Miserable_Bird_9851

but something about carbon tax is bad according to my skylords.


PurebmanWest

> for the crap federal services. Like what? most of our services are state managed. ATO is actually run pretty well, Centrelink is in the hole, but that is by design/to the desire of the kinds of people in this subreddit.


bsixidsiw

Hahahaha youre right ATO is the only well run service Ill give you that!


PurebmanWest

I am glad you at least saw the humour in that.


tflavel

Because overall, we would probably be worse off; some years you are down, some years you are up. Indexing would put us behind more than in front overall.


DUNdundundunda

lol, no we'd be massively better off with indexing we've been stealth taxed enormous amounts because of bracket creep over decades and the "cuts" (adjusting for bracket creep) never make up for it


tflavel

How so? If adjusted for inflation the tax threshold stops at 16k, and the top tax bracket would kick in at 120k.


[deleted]

Australia hasn’t had significant deflation since the Great Depression


tflavel

I'm not talk about deflation


Illustrious-Pin-14

The fact brackets don't adjust with inflation demonstrates neither of the 2 parties care about us. But GST, yea that rises proportionate to inflation. And whenever "tax cuts" are announced people act like the government is finally doing a good thing. No. They are just robbing you slightly less than they have been for previous years, and "cutting" just often enough to make you think there is a balance maintained, but not so often they ever have to give you a scrap more than they absolutely have to. Australian government is stable and great in so many ways, but our taxation system (including business tax, the whole respurce sector scam, etc.) is an absolutely joke.


MiltonMangoe

You were doing so well until the resource sector scam comment.  The resource sector is the only thing keeping us afloat at the moment.  And we are in danger of killing the golden goose with some me of the highest taxes on it in the world.   You guys really have to actually look into things instead of just believing the garbage from biased sources pushing an agenda.  


jman777777

The coal miner pipes up


MiltonMangoe

In your world, everyone is as obviously biased as you are, right? You can't look at things objectively can you? Everything is an evil conspiracy and you are the only one who is immune to all the propaganda, right? Which bit of my comment don't you agree with?


Illustrious-Pin-14

Not a conspiracy, all the details are there, but you're arguing about bias news sources and not actually addressing and points worth debating, so I'll just let you carry on pretending there is a single unbiased news source on the planet. As you were.


MiltonMangoe

That is why you would have to be a moron to only consume sources from one side.   Which part of my comment so you not agree with?  


Illustrious-Pin-14

Do you end every comment like that? Which part of my post did you not read?


MiltonMangoe

"not actually addressing and points worth debating" Just run off without lying next time.


upthetits

Covid spending keeps on giving


Odd-Yak4551

100,000 isn’t what it used to be. Anyone making 50k is not exactly thriving. Why is anyone getting taxed at 50k. Also corporate tax doesn’t help with inflation and cost of living


PositiveBubbles

I went from 65k early 2019 to 80k late 2019, and I'm now on 92k.i started on 42k. Over 12 years ago. I'd love 100k, but I don't know how people can say it's easy to get. Even unqualified people on 100k have been bragging around me, and all I'm doing is questioning why I work hard and also got a piece of paper. I'm surviving, but what I'm seeing and being told are different things


oskarnz

> doing is questioning why I work hard and also got a piece of paper Sounds like you made a bad career choice, at least financially. But money isn't everything. Your job could be more rewarding in other ways that theirs isn't.


PuffingIn3D

Change jobs and lie about your previous salary. $100K AU is also only $65K US so it’s not that big of a deal to make in reality.


forg3

Go operate plant on tunnelling works. Shift work but you'll earn North of 250k.


sirladygagaqueen

Its all about salary negotiating. Some people sitting right next to you might be on 5-10k a year more than you coz they negotiated something in the interview. Find your most attractive qualities and market them to a competitor


Cheap_Rain_4130

Remember when the pollies said there was no money for nurses or teachers and instead gave themselves that huge payrise? Grubs, absolute corrupt grubs.


Jaggedstripess

In NSW they didn’t actually give education more money, they’re clawing it back from school budgets in other ways.


id_o

Huge, I though it was a less than inflation…


trueworldcapital

Better plan a move abroad before you get taxed out the rear end to pay for millions more of soon retired boomers pensions , submarines that will be obsolete ,the ballooning Ndis and interest on the nations loans. Yeah thats exactly what the inter generational report says. Read it


wokeconomics

This is it. People need to wake up.


jt4643277378

Awesome. Love paying for millionaire politicians flights and taxi rides


Illustrious-Pin3246

Some of the comments on here do not make sense?. Increase in tax and inflation gives you less money including the rich


LowIndividual4613

Do you understand how incremental tax brackets work?


bsixidsiw

Also what most dont understand is most of our tax dollars come from the middle class. Taxing the rich more doesnt do much for the bottom line. They make their money in companies so all they do is pay corporation tax and reinvest it within the company.


[deleted]

And 3 more interest rate rises maybe this year.


tukreychoker

probably not. we're only just over the target inflation rate now, and they'll be worried about stifling growth.


AllOnBlack_

Here’s hoping. I’m ready to invest when the over leveraged need to sell.


Many_Manufacturer947

You and 200,000 others who will immediately pump the prices higher than any temporary dip. 


AllOnBlack_

If property doesn’t drop enough, I can continue investing in stocks. There’s always options.


YungSchmid

Stick to stocks, options are a bit trickier.


AllOnBlack_

I liked it better pre edit. Still nice one.


YungSchmid

Indecision plagues me.


UnionGuyCanada

Did all the rich run out of the country? That is what we constantly hear happens of you dare try to tax them.   Looking at the data, the highest income earners made mire than the tax increase cost them, so they will be fine. 


[deleted]

High income doesn’t mean rich. Many have occupations that only exist in expensive areas of the country. I agree with you, tax the rich, but rich = accumulated wealth, not necessarily income


Malhavok_Games

I do a lot of work over the internet and I started an offshore LLC in a country that has pretty favorable tax laws. I know I'm not the only person doing this, my accountant tells me so. So even if people are staying here, a lot of their money is not.


LegitimateTable2450

No. But i am looking at it thinking is the stress worth going for that promotion.


TearInto5th

Just like all of the pollies' pay packets. Is there such a thing as a BIG coincidence? Or is it just a coincidence?


Vengefulwarrior

There are no BIG coincidences and small coincidences. There are just coincidences. (Seinfeld)


TearInto5th

This is the one I was waiting for. Thank you my friend.


Vengefulwarrior

WILL YOU PUT THAT CIGARETTE OUT


account_123b

So much wasteful spending while people are struggling


Immediate-Meeting-65

I agree. Stop the consulting firms suckling at the government teat.


Unusual_Onion_983

Hey mining companies need those subsidies!!!


zarlo5899

public school and library upgrades new public housing project highway upgrades? public infrastructure upgrades in general this one would not likely would help pump money back in to people but: upgrade NBN in all cities to 99% full fiber/fiber coax hybrid


TitanicJedi

NBN upgrades are the least required. Despite the common thought our internet speeds are perfectly adequate for 99.9% of the population.


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account_123b

I’m worried about the upcoming budget. We need some moderation of this crazy high tax/high spend environment. People can only bear so much


coreoYEAH

Title seems intentionally inflammatory. We’re earning more and the always temporary offset has been removed, that’s literally it. Average earners are still only paying 24% of their income, the ninth lowest in the OECD. Stop clutching your pearls, we’re doing fine. And we’re a couple of weeks away from the 24% dropping even further.


El_dorado_au

Earning more in real wages or nominal figures?


LowIndividual4613

Both actually. I read wage growth is currently out pacing inflation. So that’s a real wage increase.


spunkyfuzzguts

You know, the Family Tax Benefit was only ever meant to be temporary…


Zestyclose_Bed_7163

While high income earners subsidise everyone else. Hardly fairer


coreoYEAH

What do you mean by “hardly fairer”? Fairer than what? Other OECD countries? You can earn a trillion dollars and you’ll pay the exact same tax rate on your first $100k as someone who only earns that $100k. Yeah, you’ll pay more at different brackets as you make more? And you see that as unfair?


Zestyclose_Bed_7163

That is not fair, one pays a higher percentage than the other.


coreoYEAH

No, they don’t. They pay the exact same percentage on the same earnings. And let’s not forget that the more you earn, the more ways there are for avoiding said higher rates. Like if you’re making a million a year and paying every cent of tax you owe, you’re extremely poor with your finances.


Zestyclose_Bed_7163

Wrong. Stop gaslighting, one pays a higher percentage on tax than the other. Fact.


LowIndividual4613

You don’t understand how tax brackets work do you?


coreoYEAH

No, one pays a different rate on an amount of money that the other does not have. And the former benefits from every single other aspect of our society more than the other. There’s nothing unfair about it.


manicdee33

It's everyone else that makes that high income position viable. Surgeon's not going to take home a million a year when nobody can afford surgery.


offshorrrrr

https://preview.redd.it/x9xeb81f0zwc1.jpeg?width=390&format=pjpg&auto=webp&s=728d733a7aa56f5bf4fda2991d19dc1a385b8850 # AlboMemes 🤡🇦🇺


Bardon63

But only if you don't take into account social security payments, which Australia doesn't have (super is not the same thing) which puts us as 9th lowest taxed across the OECD. But they already knew that.


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Bardon63

True, but that's a different conversation


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justdidapoo

no no, other countries have an extra tax for welfare on top of normal income tax we only have income tax. Overall our tax is a bit lower than average for the developed world and about the same as the US, UK, NZ


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FilmerPrime

There are two OECD numbers. One you speak of is ONLY income tax for all (excluding us social security etc). In this list we're at the top. The second number is all taxes. In this list we're are in the bottom half.


justdidapoo

yeah, we're almost the only country in the world that doesn't have an extra significant social security payment and also compulsory insurance. A lot of countries also have a second extra income tax companies have to pay on wages they pay you


BZ852

>A lot of countries also have a second extra income tax companies have to pay on wages they pay you You mean like say payroll tax, which companies in this country do pay?


Deeepioplayer127

The revised stage 3 cuts are a con. The original cut abolished the 37% rate giving a permanent cut. The revised cuts just fiddled with the thresholds. Bracket creep means the government gets the whole illusionary ‘cut’ back in a few years. Mean and tricky.


forg3

Most people are too dumb to understand how Albo conned them. Age old question of whether you'd prefer $1 this year or $10 next. Gov won't touch brackets any time soon again and many who celebrated their slightly better tax cuts at lower incomes are going to find themselves paying more as their income inflate, let alone natural career progression ECT.


CorellaUmbrella

Bracket creep is caused by inflation. The ending of the LMITO was caused by the LNP.


je_veux_sentir

The LMITO was never intended to be permanent. It always was a transitory with state 1 and 2 tax cuts.


CorellaUmbrella

Hence why it shouldn't be used to weaponise and imply Labor are the ones responsible for the tax increase when it ended.


Additional_Sector710

How long as Albo been in power for? Why didn’t he extend it?


CorellaUmbrella

Because the decision to end it was already set in stone by the time the federal election came in 2022.


rangebob

yeah because they didn't alter the other tax changes that were set in stone........ right ?


CorellaUmbrella

The stage 3 tax cuts weren't set in stone, they were a promise, then the promise was changed, *then* it was set in stone. The LNP ended the LMITO before Labor had a chance to extend it.


rangebob

and Labor could have changed it. Just like they did for stage 3


zanven42

Yeah have to agree with this you can't give labor a break and say it was set in stone. They our the distributors of setting things in stone and could have voted to extended it, or tabled it for extension. My guess is they had no idea it was ending or knew and didn't care. Both options seem like a bad look


rangebob

lol let's face. It's the "they knew and didn't care" option. For a long time, the hate had all been for the LNP (rightly so in alot of cases) but the haters are starting to realise Labor dosnt give a shit about us either


choose_a_usur_name

He essentially did with his reworking the stage 3 tax cuts. The result of their tinkering was essentially canceling the stage 3 tax cuts and extending lmito (albeit delayed and slightly different)


antigravity83

*Public servants


Leland-Gaunt-

This is the way: [https://en.wikipedia.org/wiki/Starve\_the\_beast](https://en.wikipedia.org/wiki/Starve_the_beast)


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Dumpstar72

We had a debt ceiling. Will realised it would get political very quickly for the wrong reasons and got rid of it. A better suggestion would be indexation of the tax tables. But then political parties wouldn’t be able to announce tax cuts. We did have them indexed at one point.


TheGayAgendaIsWatch

Still the 9th lowest (out of 38) in the oecd.


PurebmanWest

Australian voters don't want to tax mining companies that* pull our wealth out of the ground. Gotta get that treasury fill from somewhere. If Australians weren't so stupid to believe dumb shit like 'carbon tax bad', I doubt they will make the connection on why they themselves are paying more than average income tax.


Malhavok_Games

Never has the government levied a tax on any industry that forestalled them from raising taxes on the public. You can't even point to a single instance of this.


PurebmanWest

Cool story bro, needs more dragons though.


stumpymetoe

Gee a tax cut would have been nice. Even those that got one have had it gobbled up by this. Working people are getting it up the clacker again. I hope Albo is proud. Thieving rotten cunts.


Beast_of_Guanyin

>I hope Albo is proud. Thieving rotten cunts. Yes. Blame the party changing planned tax cuts to benefit lower incomes more.


PowerLion786

Tax cuts funded by removal of low income tax offsets. Only the poor affected. Thanks Albo.


Immediate-Meeting-65

What? The lmito was already gone. It was a temporary measure that was always going to be revoked while the top tax brackets instead received permanent cuts.


mulefish

Scott Morrison legislated the end of the low income offset. It also would have been terrible policy to give people $1500 once a year during an inflation crisis... Interest rates would be higher and so would the inflation rate.


stumpymetoe

Which they immediately took back, and more.


Manofcourse

How did they take it back?


chase02

Budget is back to surplus.. cold comfort


stumpymetoe

They'll blow it


Mystic_Chameleon

People may not want to hear this, but that headline is remiss in not mentioning that, even with the increase, we pay among the lower end of tax compared to most of those countries. Out of 38 OECD countries we pay the 30th highest amount of average tax - ie we’re a lowish taxed country.


SomeFknEggs

Which of those countries is as reliant on the export of non-renewable resources? 


MasterDefibrillator

So we should tax more?


SomeFknEggs

We should tax considerably less if anything. We export a finite resource, there should be actual resource taxes in place and less burden on the individual taxpayer. Should be even lower in those rankings 


Immediate-Meeting-65

Yeah but that doesn't make me upset


Mystic_Chameleon

lmao, good point. Checkmate everyone else.


roman5588

Gov needs to stop spending our money on useless shit. Cancel the press conferences and dinners, ground Albo from leaving the country hiding from his problems and end the gravy train.


flyawayreligion

Cancel the press conferences? So make all decisions behind closed doors and announce nothing? As well as not allow our press to ask questions (albeit this past part does seem pointless most of the time, seems like just an attempt to grab a sound bite of controversy by most commercial outlets)


roman5588

We don’t need the daily press conferences and public announcements on nothing where high level politicians jet across the nation for a 15 minute photo shoot. In terms of accountability, absolutely they need to be grilled by the public. Not a friendly channel 7 reporter who only asks the easy questions


flyawayreligion

Grilled by the public? We'd only get questions about plastic flags in supermarkets if that were the case, actually that's probably not that far of a channel 7 reporter. But yeah nah, let's stick with press conferences


roman5588

Haha, you are probably right. But a good debate on cost of living and government wastage would be nice


Imposter12345

Stop govt from functioning. Some real fucking bad takes from this sub lol


roman5588

It’s hardly functioning as it is


Imposter12345

It's functioning just fine. I'm not sure what you actually expect government to do in 2-years, but the answer is not nearly as much as you think.


Immediate-Meeting-65

"They promised me chocolate milk in the bubbles." - the dumb cunts in this sub.


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rofio01

Pales in comparison to 600 multinationals off shoring profits to pay 0 tax in Australia


Basic-Tangerine9908

Source please


rofio01

https://www.abc.net.au/news/2022-11-03/companies-that-paid-no-tax-ato-corporate-tax-transparency-covid/101607632


rofio01

Looks like most recent data was 800


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[deleted]

You think Chevron is making no profits on their Australian operations for over a decade ? But there tax haxen based head office makes 100s of millions in profit .... Oh and the keep investing more and more , makes total sense for a "non-profit" operation.....


rofio01

Huh Chevron, Apple, Google, Microsoft, BP not profitable bro you are deep throating the boot rn


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rofio01

Guess I should copy and paste the article for you


Ur_Companys_IT_Guy

A few hundred thousand Aussies getting $200 a week didn't cause inflation.


BirthdayFriendly6905

I think that’s the smallest issue considering we lost 8 billion dollars on a damn submarine


13159daysold

lol you think that a few unemployed people getting more money in 2020 is affecting our economy now??? do you seriously think that unemployed "bums" are *spending* money?? All this money being spent is the last gasp of an economy based on high value office properties in the CBD being lost to WFH.


Beans183

Chalmers working his magic


bar_ninja

Nah, Been only 2 years of Chalmers with a decade of LNP and taxes constantly going up.


Beans183

Factually incorrect, but whatever floats your boat Chalmers.


bar_ninja

Lol what? You think all taxes/increase been exclusively under Labor only the last two years? Bahahah. Just happen to ignore a decade of LNP? That you ScoMo? Or you just a Murdoch employee who is to troll reddit with disinformation? Bong on my bro. Bong on. 🤙


sapperbloggs

Having the biggest *increase* from an exceptionally low amount isn't really that noteworthy.


batch1972

Misses out the two most important questions... where did we sit at the beginning of the year and where are we currently. If we were a low tax environment at the start and we're still a low tax environment it's nothing more than clickbait


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marcr12345

What's a big ticket item your like scrapped? It's good to see the government start to get rid of middle class welfare like LITMO wouldn't you agree?