Still too high
The government has reduced income taxes as at 1 July. But government inflation has eaten into our after tax spending power and they haven’t even handed back this bracket creep. Clearly our rate of tax is still way too high. If we removed the last three rows in the tax table below then we would have a half way respectable tax system. Ideally we would remove the last four rows from the table.
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Catallaxy Files- Open Forum September 11, 2010
- Warming to the TaskI went along yesterday to see Alan Moran in the Lion’s Den. Well, not really a lion’s den; more like an opportunity to form a circular firing squad with everyone shooting at the only person in the room trying to tell them that they are asking for $500+ electricity bills with all other prices scaled [...]
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- Skills matching for recent graduatesAndrew Carr asks if I can compare the skills mismatch of international and local students. To re-cap, a study of former overseas student migrants in 2006 found that: 18 months after their arrival found the skills match for former overseas students at the following levels: accounting 35%, business/commerce 5%, education 31%, engineering 23%, IT 35%, [...]
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- Australia’s still surprisingly secure workersThe ABS released their labour mobility survey yesterday, and as I predicted two years ago Labor’s legislated job security provisions, which took effect about five months into the survey, did not stop retrenchments going up. 3.7% of workers who were employed in the year to February 2010 were retrenched, compared to 1.8% under WorkChoices in [...]
- Skills matching for recent graduates
- IPA news
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