Friday 12th of August 2022

shit sandwiches...

shit sandwiches

Former Head of Finance Michael Keating debunks an SMH article that suggests the Morrison Government’s $158 billion tax plan must be passed in full to benefit workers.

LAST SATURDAY (22 June) the Sydney Morning Herald (SMH) published an article, 'Coalition tax plan would give Australian workers an edge', which purported to show that

'Middle and high-income earners will face some of the highest tax rates in the English-speaking developed world unless the Morrison Government’s $158 billion tax plan is passed in full when the Parliament returns next month.'

Unfortunately, I consider this article to be so misleading that it reminds me of the Mark Twain quote: “There are lies, damned lies and statistics.”  

The crux of the article is encapsulated in the two columns showing income tax paid in the table below. I assume the SMH calculations are correct and that, as shown, Australian taxpayers are presently paying a bit more than their counterparts in the other developed English speaking countries if their taxable income is $250,000 per annum, and a little more than in the other countries except New Zealand if their taxable income is $100,000 per annum.

 

Read more:

https://independentaustralia.net/politics/politics-display/lies-damned-l...

a smelly tax package...

tax package

 

This cartoon from The Australian, trying to show that Labor is "obstructionistic"... Labor should refuse a pass for this smelly package in which the heaviest part is designed to help the rich and the lighter part is just slightly less shit for the poor.