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Two-pronged attack to give families a break : Comments
By Alex Sanchez, published 11/5/2006Labor should aim to lower the top tax rate and merge family payments.
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Why not change taxation to a family basis, with the tax threshold set at the level of welfare that a family of that composition would receive? The actual tax rates when they do apply could be raised to make up for the loss of revenue due to the higher threshold. Then everyone who worked or took on more work would be better off. This arrangement would also be fairer to people with dependants other than minor children, such as people with disabled adult children or people supporting an unemployed or disabled spouse.