31 May 2018
Taxation: Reward for effort
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
This is one of those very special pearls of wisdom and was sent by one of our clients.
Not only is it a must read but we also ask that you forward it to every political leader in Australia.
Business which is represented by 12,505,200 workers (ABS, April 2018) is the one driver of economic prosperity and any Government or opposition that believes otherwise is living in an economic delusion.
Income tax in Australia is all wrong when the top 40% of households by income per week collectively pay 89% of the tax take (above chart ABS/ATO).
How is this a fair reward for effort?
Click to read.
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