I’m all for changing the tax system to be more fair, but that figure about people earning over 1 million a year and paying no tax is misleading. Their taxable income would be zero to pay no tax. They would do this by losing all the money in investments or giving it all to charity. So they didn’t net anything, so they don’t pay tax. That is fair. We tax net income and net profits.
The ultra-wealthy have exploited Australia’s tax system for too long. It’s time to ensure everyone pays their fair share
Submitted 1 week ago by Davriellelouna@lemmy.world to australia@aussie.zone
hanrahan@slrpnk.net 1 week ago
Fair itself is impossibke,.you either have a simplie tax system that’s difficult to exploit,…or a complex one thats easier for the rich to explout. You cannot have a fair tax system.
Oir tax system.is so complex no one can understand it.