If one of these people pays 8% tax and I'm paying 28% I guarantee they pay heaps more tax than I pay per year..so I don't see the problem. If they all go overseas to live I reckon we are in the poo and will have our tax increased. No?
No, absolutely no. There is no fairness whatsoever in wealthy people paying tax at a lower rate per dollar of income than a poor person does. From the report, and accounting for gst, a family on $80,000 pays just under 30% of gross income in tax. A family with average assets of some $250 million pays about 9% of actual income in tax.
If one of these people pays 8% tax and I'm paying 28% I guarantee they pay heaps more tax than I pay per year..so I don't see the problem. If they all go overseas to live I reckon we are in the poo and will have our tax increased. No?
No, absolutely no. There is no fairness whatsoever in wealthy people paying tax at a lower rate per dollar of income than a poor person does. From the report, and accounting for gst, a family on $80,000 pays just under 30% of gross income in tax. A family with average assets of some $250 million pays about 9% of actual income in tax.