Quote:
Originally Posted by sharpiel
You're a dreamer indeed and fool if you think that increasing one tax stream will result in decreasing another. Why would they give you something back whey they can have both? Remember when the GST was proposed how it was going to remove all other taxes...specifically stamp duties, land tax and payroll tax levied by the states...?
Fairies and leprechauns exist too btw...
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If I were not injured, I would be out with my scope tonight - why you blokes are not out, I don't know.
But to answer your post, while ever the GST stays at such a low rate and with so much exempt, income taxes will have to continue to increase, as they have been doing for the past couple of years. I am sick of holding up my end of the tax system, while over half of the population pay no net income tax. The only way to address this is for a higher rate of GST. If we are indeed going down the same path as Greece (and the early signs are there with so many rent seekers in our community) then we shall have to have their tax system, which I think is now a VAT of 25%