The Coming Tax Review.

[Andrew Walker]

Yes , would you like me to type it slower for you, so you understand?

No I think you are typing at the right speed and my sincerest apologies for this question Does your proposal include income tax ?

[Rooster1908]

No I think you are typing at the right speed and my sincerest apologies for this question Does your proposal include income tax ?

I did say all tax didn't I.? And I also said 20% on everything .No exceptions

[Random Rooster]

You do seriously need to get a life and a sense of humor d%$shite also 20% GST on everything and get rid of all ther taxes. User pays

So no income tax, no company tax, no payroll tax, just one tax on spending?

Well for a start Australia collects about 700 billion annually and the GST takes in 80 billion of it.....so doubling the GST rate would only raise 160 billion- needless to say that would leave a massive shortfall. You would have to start at around 50% GST minimum.

Inflation would be a killer....The Reserve Bank would have to tighten monetary policy hard, likely pushing the economy into recession. Health, education, and welfare—used more by lower and middle-income households—would effectively be funded disproportionately by them.

Mining giants, big banks,and billionaires would be happy because they would pay proportionally less tax. The old wogs with cash under the mattress would be happy too!

[Rooster1908]

So no income tax, no company tax, no payroll tax, just one tax on spending?

Well for a start Australia collects about 700 billion annually and the GST takes in 80 billion of it.....so doubling the GST rate would only raise 160 billion- needless to say that would leave a massive shortfall. You would have to start at around 50% GST minimum.

Inflation would be a killer....The Reserve Bank would have to tighten monetary policy hard, likely pushing the economy into recession. Health, education, and welfare—used more by lower and middle-income households—would effectively be funded disproportionately by them.

Mining giants, big banks,and billionaires would be happy because they would pay proportionally less tax. The old wogs with cash under the mattress would be happy too!

Your Math only takes into account what we charge GST on at the moment .I said 20% on everything.That way big companies whether Australian owned or foreign cannot dodge tax . Everything., school fees , food ;football tickets , nothing excempt

[Andrew Walker]

Your Math only takes into account what we charge GST on at the moment .I said 20% on everything.That way big companies whether Australian owned or foreign cannot dodge tax . Everything., school fees , food ;football tickets , nothing excempt

Now as foolish as you foolishly thought I was for double and triple checking The response from Randy was I did so

Now perhaps you are not only a rags to riches business success, but I find myself pondering could we be in the company of an economical genius ?

Would you be so kind as to provide such figures that would put to bed both Randys and my own initial scepticism of your very interesting proposal

[Rooster1908]

Now as foolish as you foolishly thought I was for double and triple checking The response from Randy was I did so

Now perhaps you are not only a rags to riches business success, but I find myself pondering could we be in the company of an economical genius ?

Would you be so kind as to provide such figures that would put to bed both Randys and my own initial scepticism of your very interesting proposal

Nah not my job old mate .

[Andrew Walker]

Nah not my job old mate .

Could it be It should be ? I find myself fascinated and would love to see some figures to see how this country would be better off.

[Rooster1908]

Could it be It should be ? I find myself fascinated and would love to see some figures to see how this country would be better off.

As would I .Get to it..Geez it was peaceful before

[Andrew Walker]

As would I .Get to it..Geez it was peaceful before

Oh come now 08 This is your proposal to sell not mine

[Rooster1908]

Oh come now 08 This is your proposal to sell not mine

Not trying to sell anyone , Pado asked a question band I answered.Now you choosing to be your normal self , which isn't nice mond you and trying to get a rise . Normal crap for you

[Andrew Walker]

Not trying to sell anyone , Pado asked a question band I answered.Now you choosing to be your normal self , which isn't nice mond you and trying to get a rise . Normal crap for you

No I’m legitimately interested in how your proposal would be successful and seeing you threw it out there thought you might be able to show us

[Rooster1908]

No I’m legitimately interested in how your proposal would be successful and seeing you threw it out there thought you might be able to show us

No your not .Your being a fool.Abiut time you grew up .You add absolutely nothing to the place and other a few like minded fools most just ignore you or at most tolerate

[Paddo Colt 61]

No your not .Your being a fool.Abiut time you grew up .You add absolutely nothing to the place and other a few like minded fools most just ignore you or at most tolerate

Would not agree with that '08, the man is a poet, primitive to be sure, but an imagination beyond our ken.

Surely he deserves a straight answer because this is what the thread is about, we're not here to sling shit so you need to recant with whatever dignity you can summon. You need to say it was a thought bubble poorly thought through. Humble pie it's called.

[mightyrooster]

Your Math only takes into account what we charge GST on at the moment .I said 20% on everything.That way big companies whether Australian owned or foreign cannot dodge tax . Everything., school fees , food ;football tickets , nothing excempt

I don’t like that idea at all. So someone on a lower income spends proportionately more of that income on basics like doctors, medicine, school fees, kids clothing, petrol, bills etc than someone on a much higher income?

[Red.]

This thread concerns the taxation system of Australia and any improvements that could help the country move forward.

Obviously people will have different opinions and may not agree with each other. And that is perfectly fine.

What is not fine is starting a tit for tat argument that will never reach a resolution.

I kindly ask that the two of you take advantage of the ignore button.

I know you will find this hard to believe but I nor any of the Mods enjoy closing threads and or banning members.

Thanks.