Rich people pay more tax than poor people, even after LEGALLY minimising their contributions. We need more rich people.

This one is a; well yes and no!

Well, here is an example I’m acquainted with: A specialist doctor with a private medical practice in NSW, which he recently sold.

His major complaint was what he considered an excessive tax burden on the bottom line.
That tax burden on top of increasing overheads of staff, buildings and high Government compliance costs, and insurance costs for such a business, made his business unviable.
His alternative now is to offer services through NGO’s as a FIFO worker.
The tax burden remains but the overheads have been eliminated.

The question is from this example, should his tax burden been reduced to encourage his services to the public as a private practitioner or not?

Dan

What we don't need at this time is tax cuts for folk who demonstrably don't need them. Who in all likelihood will hoard it or turn into vastly overvalued bricks/mortar/price gouged rents.

Our current highly complex tax system ought to be completely jettisoned along with then 1953 double tax act. That has been used, one could argue, to simply avoid paying us our fair share of the tax dollar.

Tax law needs to be reformed as an unavoidable flat tax of 15% above a generous tax-free threshold. Supported by the GST, fuel levy/a two-tiered Medicare with a natural disaster component/levy.

This result as law would allow current tax compliance costs to be returned to the bottom line as 7% averaged/make the adjusted tax liability cost to business just 8% in real terms.

An unavoidable 15% flat tax would make those 40% of firms that pay no company tax whatsoever start to pay 15% from the billions they extract from this nation. Ditto those who pay as little as 4%. The rest who after all the deductibles, don't pay more than 13% as company tax!

Even the latter would pay 2% more as transferred via the banking system. The others 36-40% respectively. Make no mistake that's billions more than the annual take now, but not less than an annual 64 billion more

This nation is entitled to a fair share of profits or income earned exclusively here! Tinkering at the edges/leaving more holes than Swiss cheese isn't going to change very much, nor will tin-eared, timidity personified, change resisting, Polly waffling Pollies.

Do the number crunching, if only to understand that current reconciled revenue will be quite massively improved along with the decibels of those screaming blue murder over the fact that all the old tax avoidance mechanisms/annual reconciliation adjustments are gone to never ever return along with their parasitic, nonproductive, "clever" tax practice returns!

As things stand the tax paying cohort is a shrinking one shouldering more and more of our combined responsibility or if you will, privilege!
Alan B.

Flat Tax for Business & Flat Tax for Wage & Salary earners !
Freeze Public Service salaries for ten years ! Leave Wages were they are, they'll become competitive instantly ! Limit speculation land purchase.

Alan Jones once said on air, and I paraphrase, he like all of his better off cohort could so arrange their affairs so as not to pay more than 15% personal tax!

And while that may be more in actual dollars than most battlers it is lower in the percentage they cop as tax. Those that pay more in dollars need to understand it is their privilege for their right to earn/extract superior incomes most of which is earned for them by the bent backs of others of more agile minds that they exploit. And without question is levied from the pay packets of those who do all the work and make all we make.

Price gouging landlords come to mind along with the ruins with roofs they rent to the least well off.

Show me one single rich man who has made all his money through his own exclusive efforts. And I show you a thief and a liar. The most astute criminals keep good books and pay the correct tax. Al Capone couldn't be convicted but was finally jailed for tax evasion

Some self-made men were born in the cabin hewn from the wilderness with their own bare hands.
Alan B.

There must come legislation that stipulates that rent can be no more than a third of income. Same should be the case for traffic fines etc. We can not condemn low paid people for becoming a welfare burden if they're denied the opportunity to save. Rental properties for low wage earners should be made available by Govt until people can buy their own not private landlords ! The exploitation of rental housing is presently criminal !
Public Service salaries are too high & are responsible for much of the economic inequality in our society. Corporate profit too needs to have a ceiling imposed. Govt charges are generally too high for minimum wage earners & should be bracketed like Tax is bracketed.
If a Govt were to be really serious about creating a better society they would do it by making themselves & the people responsible & reward them accordingly.
Unions have done a lot of good & even more bad, particularly the Public Service Unions, it's time they become responsible again !