The Federal Liberal Party conservative government is pushing for a huge cut to company tax, down to 25%. Given how few hugely profitable companies seem to pay any tax at all, this is perhaps a moot point.
The Federal Liberal conservative government has already budgeted for personal income tax cuts. Let Tim Colebatch, a long time respected economics writer at The Age newspaper, spell it out. A cleaner on $30,000 a year will get an annual tax cut of $200. (I dispute that figure of $30,000 per annum for a cleaner, unless they are casual, part time or contract. A full time wage for a cleaner would be over $40,000)
A nurse on about $80,000 per year will get a tax cut of $540 per year. I am not a nurse but the tax cut is close to what I would get, and I shall spend the extra on martinis, Sobrannies and a little Mary Jane. Yipee.
But get this, a solicitor on $200,000 per annum, will get a tax cut of over $7,000. How can any person with any kind of conscience think this is right?
Yes, there is a little detail missing, but as always, it is all about perception.
In other Federal budget matters, pensioners can now get 1.5 times their pension in a government loan scheme where the government takes a mortgage over their house. Please don't tell Mother.