Top earners the big winners from [Costello's] super tax concessions

Discussion in 'Australia, NZ, Pacific' started by Recusant, Feb 24, 2012.

  1. Recusant

    Recusant Active Member

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    Why oh why do working class people even consider the Libs? This is very typical of their policy approach. It drives me insane.

    http://www.canberratimes.com.au/nat...rom-super-tax-concessions-20120219-1thlw.html
     
  2. axialturban

    axialturban Well-Known Member

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    I didnt see the word Liberal once in that piece. Isnt that an article about ALP policy?
     
  3. Recusant

    Recusant Active Member

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    It's tax law that Costello introduced that is being reviewed in a senate committee. Of course, vested interests will prevent this aspect changing much. As the article states that the review is "to ensure the move from 9 per cent to 12 per cent compulsory super will not further disadvantage low income earners."

    Nothing about changing it to remove the upper-middle-class welfare, only to prevent making it worse.
     
  4. Adultmale

    Adultmale Active Member Past Donor

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    Costello introduced the $1,500 co-contribution where if you put $1,000 extra into super the Government would put in $1,500. This was specificaly aimed at helping low income earners put extra into super because almost anybody can afford $20 a week. This government super handout did not help high income earners any more than low income earners.
    Guess what, Kruddy Clown cut the co-contribution to $1,000. A direct hit on low income earners.
     
  5. waltky

    waltky Well-Known Member

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    Granny says, "Dat's right - big business ain't payin' it's fair share o' taxes...
    :omg:
    IRS AUDITS LESS THAN 1 PERCENT OF BIG PARTNERSHIPS
    Apr. 17, 2014 WASHINGTON (AP) — A new government report says the Internal Revenue Service audits less than 1 percent of large partnerships, drawing criticism from Congress.
     
  6. aussiefree2ride

    aussiefree2ride New Member

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    The link you supplied, is an extract from the Canberra Times, dated 20th February 2012. FYI, at that time the ALP was in Govt, so your OP should have read, "Why oh why do working class people even consider the ALP? This is very typical of their policy approach. It drives me insane".
     

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