The Forum > General Discussion > Dodgy deals ar costing us dearly
Dodgy deals ar costing us dearly
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They usually have deductions, such as interest on investment loans.
Comintators often paint a pretty picture just to sell a story.
They usually take ones gross income and suggest they should have paid full tax on that amount, but tax does not work that way. Unless you hav been ther you won't understand.
Taxing the rich.
Just remember, the rich, and that's not me by the way, already pay far more than their share.
They pay a % of thier wage in medicare, yet, they have to pay to see a doctor.
1% of $300K is more than on $60K.
They pay full freight on medical pills and such, yet single mothers get them for free, or next to it.
They also get zero welfare, which, by the way means there is more left for the welfare dependent.
So in essence, the rich do pay more, or at the very less take out less, the latter having the same net effect on the public purse.
If the government really wants to tax everyone fairly, introduce a transaction tax, as this will deliver a huge increase to the weekly pay packet, collect plenty of tax and do away with many other taxes. Also, the richer you are the more tax you will pay as tax will be a flat rate.
It's the amount of times ones money chafes hands that attracts the tax and that's huge.