Kate Chaney: By increasing the GST to 15%, we could make the tax system fairer for younger Australians (www.theguardian.com)

submitted 2 days ago by Davriellelouna@lemmy.world to c/australia@aussie.zone

18 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] null_dot@lemmy.dbzer0.com 0 points 2 days ago

Under our model, the GST rate would increase to 15% and exemptions would be removed. To ensure equity, every Australian adult would receive a $3,300 annual payment, effectively making the first $22,000 of spending GST-free. PBO modelling shows this could leave the bottom 60% of income earners better off, even before accounting for the personal income tax cuts enabled by the additional $24bn in revenue.

I whole heartedly support this. Spot on.

[-] Nath@aussie.zone 8 points 2 days ago

I don't believe it. They pitched the GST to us in 1999 as "You'll receive more money in your pay packet and that will offset the 10% GST". Sounds a lot like this.
I was making about $35k in 2000, and that extra money? It amounted to about $18/week. Needless to say, it did not go far at offsetting the 10% on stuff.

From this experience, I learned that governments are like people when it comes to getting paid: Nobody ever asks for a pay cut.
If they're changing tax laws, it's to end up with more money at the end. Taxes are never cut, they're shuffled around in a way to make the government more money.

[-] sunzu2@thebrainbin.org 3 points 2 days ago

they're shuffled around in a way to make the government more money.

government is in debt... Where is the money going?

[-] null_dot@lemmy.dbzer0.com 0 points 2 days ago

Weird take.

In a democracy, you can see exactly how your tax money is spent.

In the interceding years your income taxes would be much higher if not for GST.

If they're changing tax laws, it's to end up with more money at the end.

In this case, this is true. Quite obviously the intention is to get more money from companies and less from low income earners.

that extra money? It amounted to about $18/week.

In this case, it's $3,300 a year - enough to pay the tax on the first $22k of expenditures. It's right there in the proposal. No one is saying "I support 15% GST in return for a vague hand wavy notion of lower taxes".