Recently I learnt that I pay more tax than 38 per cent of public companies that earn over $100 million in Australia.
They earn $100 million or more, and over a third of them paid no tax at all in the 2013-14 financial year. None.
I earn more than the median wage, but I’m no one percenter. I pay about $15,000 in income tax. So 38 per cent of those big earners pay less than $15,000 in tax.
What a joke.
I am not going to pretend that I hate paying tax. I like paying tax. It’s important. Without taxes, there would be no social services, no law enforcement, no public education or healthcare, and no public transport and roads.
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Take two:
"Roads and infrastructure, education, healthcare: The things our taxes pay for" BUT NOT THE ONLY means. If the government was the ORIGINATOR of the loan, the interest we currently pay banks to get filthy rich with could more than fund these things AND MORE.
A few points, first if you're paying 15k in tax MM should give you a pay rise as the quality of your work is outstanding.
Second, yes, companies should pay profit tax once and international companies can legally shop around for low tax countries, like Singapore for instance with one of our big miners. Now low tax nations aren't going to raise their taxes to drive business and revenue through our front door. So we can lower company tax to attract or retain more business here but the SJW would go nuts at the idea.
Following on from that, it seems with our taxes and wealth it is a sin for us to enjoy the fruits of our hard work, but apparently it's a virtue for others to enjoy it. If you work on 1 Jan and work all year, every cent of your income tax until the footy finals in September is spent on transfer payments to someone else. Despite this the Left thinks the poor are being screwed and working people aren't paying their fair share. So yeah, 15-25% of your taxes goes to roads and the like, the rest goes into someone else's bank account, for them to enjoy spending.
So when you are tired and stressed in gridlock trying to get to work, spare a thought for the dole bludger or the person in the public housing someone like you paid for who is sleeping in and remember it's selfish for you to complain or to wish you could enjoy the fruits of your own efforts ahead of others who did nothing but demand you share.