So it's that time again when our taxes are reformed.

So are th going to consider a transaction tax this time?

I not, why not?

I see eruope is considering one.

Not much hope of that GST has already been ruled out and with an idiotic opposition as we have there will be no reform.

Put a tobin tax on all derivative andn currency transactions,then there willbe not need for bailouts our phoney counterfeiting loans by the Fed,IMF or the BIS.

Arjay:>>Put a tobin tax on all derivative and currency transactions,then there will be no need for bailouts of our phoney counterfeiting loans by the Fed,IMF or the BIS.<<

I just thought this was worth repeating.

the joke is..we got a consumption tax
what we need is a transaction tax on the money market traders

ANY tax revieuw
SHOULD start off from the last revieuw

ken henry..where are you?

WHY IS IT SECRET?

why are we listening
to those who only want the tax moved from them
onto us

lest we forget the taxes we were prommised to go
still remain

yet other taxes..like taxing shares
or taxing the dead..their gone

or hopw about we smokers got our tax instantly..overnight
and the miners didnt get their at all

[they were under discussion long ago
the mining tax was pre the smokers tax
but we the later many..got our tax
and the select few..

well they got a nice free lunch
therev is good eating in the public part of these talk fests
but even better in the private backrooms where the real power talks

Europe,Australia and New Zealand already have transaction taxes. They are called, variously Value Added Tax and Goods and Services Tax.

The USA does not - but various states and cities have Sales Taxes, which do the same job but far more inefficiently.

SOG;The revolution has begun.Awareness via the internet is growing.700 arrested in Wall St for protesting.When the police and military realise who the real criminals are,it will be check mate.

RON PAUL FOR PRESIDENT 2012!!

Dudley, the GST is not a transaction tax.

A TT is a small tax that is applied to every financial transaction made.

It is rumored that this tax, of say just 2% will generate enough tax to abolish all other taxe, including GST and income tax.

WTF?

It's more like a debit tax of 0.4% would end the need for any other tax.

WTF, I hope you are right, if so, why the he'll are we not implementing this then.

I am sure the average wage earner could do with he extra $200 or so in th pay packet each week.

retub..its actually much less transaction tax
[.02%]..that would be needed

the why of why it isnt being done
is because 'money never sleeps'..[you might have heard the saying]

see what the bank managers do at night
is put every cent they got...into the overnight market
[see auditers sleep at night..so while you sleep that money is overseas..pretending to be their money]

they return it in the morning
and no one is any wiser

but if you lost point 02%..of it every night
the game of bluff...[that you actually havnt got any real money..would soon fall appart]

look at it this way..say your a multinational butcher
the bank account during the day says you got 20 billion
but at night your account reads zero..cause your other mate has it in his acount..pretending he is a billionair]

its clever aint it
but wait./.there is more
your a day trader..you buy up stocks or by leverage do short selling[based on the cash/credit now in your bank]but if your required to pay .02%..on every trade..you cant leverage a .01% proffit anymore

anyhow a transaction tax is the only fair tax
see tax is supposed to be only on income

note that we have income tax..NOT WAGE TAX
wage isnt 'income'

[income is money made from no value adding
and 'work'..is value adding..
like your butchers turning trimmings into sausage

but you getting rent..
or a dollar more for your sausage is income
and smarter people than you..realised long ago

that the taking of wage...[by forcing your ignorant workers
to apply for an [income]..taxfile number]..got income to govt..and they leave boss income alone,..

anyhow your workers would gladly take a wage cut
if you could half their wage taxes

thus the urgency that day traiters..pay their due
on their income...after all its their speculation
to get income tax free..that drives up the prices
on everything we consumers consume.

OUG, you say bosses don't pay tax, crap!

Not only do they pat tax, they also perform many unpaid duties like collecting income tax, GST and depositing super into workers accounts.

Why do we have to do this you ask.

Simple, because if it were left up to the average punter they wouldn't get around to it.

You see, what should happen is that all workers should be paid the entire 100% of their wage, including super, sick pay and holiday pay, weekly, and pay their own tax, save their own sick and hol pay and pay their own super.

It's a pity they can't be trusted to do this hey!

And they have the hide to whinge about unpaid hours.

.4 aint gonna replace income tax.

AU needs to increase tax revenue not deplete it. Raising GST is ruled out. The opposition has already opposed that. The base of the GST could be expanded.

Whenever the Labor party wants to introduce a reform, it is time to get worried. The only thing you can be sure of is that there will be more taxes.

Opposition refuses to take part in tax reform debate.

579

Rubbish. The opposition was not invited.

http://www.theaustralian.com.au/national-affairs/tony-abbotts-wrecking-ball-not-wanted-at-meeting/story-fn59niix-1226103780476

"The Treasurer has invited all the independent MPs, as well as Greens leader Bob Brown and a colleague of his choice, but the list of 156 participants released yesterday has no place at the table for the opposition."

This is a talk fest with the objective of rubber stamping Whine Swan's existing policies.

my quote.."and they leave boss income alone,..""

your quote..""OUG, you say bosses don't pay tax, crap!""

the point was regarding income and wage
wage isnt income...[but your proffit is]

if you buy a whole chook
for 75 cents..and sell it for 2.50
your income [with no value adding]..is 1.75

thats what you pay tax on..ie the income
now say your workers[or you]
slice and dice the critter into chicken pieces
selling the added value..for 15$

with a wage cost of 4
then your income would be 15 minus 4 minus 75 cents

income tax is SUPPOSED to tax only income
not wage..[AS IT IS GOVT COLLECTS your income tax..PLUS
the tax on your workers wages..[at least a dollar]

now if your workers..didnt have to pay OVER a dollar tax
on their 4$..you could pay them 3.50..[and you and they would be 50 cents each better off]

if the govt *wasnt stealing wage tax
by the lie that wage is income
you might have to pay a higher rate of tax on your income

BUT..govts are so clever of stealing from workers
and you master class are so influential
that the workers would likely be paying your income tax..through gst..or medicare levie..

or conjestion tax or anyone of the other many taxes ..the elites come up with..[for the wage earning mugs to pay]..

so they [you]..dont need to pay tax
on their share trades..[ie income]..
or their family trust or death duties

[another tax howard got rid of]

or stamp duty on your 'investment' property
or other stampduties you lot cleverly minimised
by maximisation of the other taxes/onto the workers

havnt even got to the extra income thast comes from dumping perfectly good water into the sea
to get desalinated water buyback
for the public servants

running the 'services'..for huge bonus..[income]

OUG, once you get a grip on the real world, we can talk.