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The Forum > Article Comments > Of necessity, tax avoidance has become a key preoccupation for much of middle Australia > Comments

Of necessity, tax avoidance has become a key preoccupation for much of middle Australia : Comments

By Brendan O'Reilly, published 21/4/2022

Overall, it is believed that 50 per cent of all income tax in Australia is paid by 10 per cent of the working population.

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Ok AlanB, if it is so obvious to calculate then prove it to us!
I challenge you to put it on record here: Give us your calculations for an explicit dollar figure of how much your 15% flat tax will raise given the current size of Australia's economy. (eg: the projected total of the Government's tax take for whole of the next financial year under your scheme)

Look I'll even make it easy for you and require only two significant digits of precision, eg: a figure like 250G$ (ie: $250billion) will do and not something more precise like 257.5G$.
Posted by thinkabit, Thursday, 21 April 2022 8:02:02 PM
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thinkabit,
getting rid of negative gearing would fill the coffers in no time !
Posted by individual, Friday, 22 April 2022 7:54:42 AM
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Far too much money is leaving Australia by way of migrants sending money overseas, Australians spending more overseas than here, Australians buying overseas made goods etc.
This is money that could do wonders here !
Posted by individual, Friday, 22 April 2022 8:32:33 AM
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Alan B,

It would appear that you are confusing profit with turnover. Corporate tax is paid on profit. Also, you are neglecting royalties, wage taxes, state taxes, GST etc.

Please don't do a Lisa Wilkinson airhead move.
Posted by shadowminister, Wednesday, 27 April 2022 7:55:56 AM
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