"Taxation bites as fewer paying more" - April 16, 2005
Are you one of those who are carrying not only your fair share of taxes, but also paying for the tory
Howard's government are the record highest taxing government in our history. Not only in total dollars, that would rise with an expanding economy, but as a percentage of national product.
But at the same time, tory tax policy provides the biggest hit their peak while Howard was treasurer under Fraser!
20% of those filling in Tax returns pay NO TAX AT ALL.
Many of these are among the richest Australians.
So when Howard Costello and Abbott say, "Ooops, we can't manage simple costings, and although we can always find an extra billion dollars in handouts to Private Health scams, we hate Medicare and won't fund it despite giving Ironclad guarantees to do so" then just remember, the other side of economic management which the tories mishandle is their income; tax receipts
"Tax breaks from negative gearing have almost doubled in just four years, wiping almost $2 billion off tax revenues in 2002-03 as a shrinking number of taxpayers paid a record level of tax.
Tax statistics released yesterday show one in five people filing tax returns in 2002-03 ended up paying no tax at all, a rise of more than 250,000 or 15 per cent in just three years."
Australia under the tories, a tax bludgers haven.
"The total tax take soared in 2002-03 to a record $87.8 billion, on provisional figures. Separate figures released yesterday by the Bureau of Statistics estimate that final income tax collections are likely to rise to $91.5 billion for that year and $99 billion for 2003-04."
More tax from a smaller proportion of tax donkeys, you and me, while the tory tax bludgers avoid their share.
"That is despite the rapidly rising cost of negative gearing, which the tax statistics show has now taken over the rental property market. By 2002-03, 60 per cent of all rental property owners were declaring losses on their tax returns, and the size of the losses claimed had almost doubled in four years to $4.6 billion."
The very same policy that gives people who own multiple properties tax breaks, also produces the property inflation which denies many young Australians entry into the home buying market.
As with the regressive GST over half of the benefits go to a tiny fraction of Australians, the tory elite, and that means that the rest of us are paying the tax bludgers share;
"With more returns still to come in, and roughly half of negatively geared investors in the top two tax brackets, this suggests that even in 2002-03 the concession was costing other taxpayers $2 billion a year.
The tax statistics show the record tax take is coming from fewer taxpayers. "
As one of them, it amazes me that Australians are so easily distracted by tory lies and deceptions around election time.
"On the provisional figures, the number of people paying tax has shrunk by 185,000 in the past three years, with the average burden on those still paying tax rising 5.2 per cent to top $10,000 for the first time."
Some people give up on decency, and decide that when crooks run the country, 'if you can't beat them join them' but this tory bubble can't last and is destroying our future. Parasites are sucking the life out.
"On the other hand, more than 2 million people now pay no tax, despite earning $13.4 billion of income. "
Some of these people are recipients of tory socialism, welfare that gives handouts to the wealthy, like private Health fund subsidies and baby bonuses to the Murdochs.
"many of those paying no tax appear to be heavy users of tax breaks. yet claimed 10 per cent of all deductions for tax advice.
contributions, 10 per cent of all deductions for investments in the film industry, and 44 per cent of all expenses for landcare. Some of them were also good at losing money. They claimed 34 per cent of tax losses in farming, 52 per cent of all losses claimed by people running other incorporated businesses, and claimed $2.5 billion of tax losses carried through from earlier years.
To help make sure they did not pay tax in 2003-04, some of them also carried forward $3439 million of tax losses and $1337 million of capital losses to set against future tax."
Tax bludgers always do well under Howard, they did well with Bottom of the Harbour, now they are going gangbusters.
Tory Tax Policy:
"Take from him the pound, and give it to him that hath ten pounds" - Lk 19:24
"Unto everyone which hath shall be given; and from him that hath not, even that which he hath shall be taken away from him." Lk 19:26
Tory privatization policy: "Sell it to someone we own"
How to spot a tory:
"I represent tradition - my dad owned the media, as did his dad before him". (Thank god for a fearless and probing media, safely in the hands of a broad based, representative group of plutocrats).
"I represent equity - I've got it in everything"
"I represent incentive - if you give them welfare, they won't work; if you don't give me a tax break & a free licence the project won't work and if your workforce insists on a decent wage - they won't work".
"I represent the nations interest - its 25.6% payable monthly, ..thanks".
