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31 May 2018

Taxation: Reward for effort

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.


At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

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