Consider, if you will, the following "policies" from the LNP and the effect they will have on low- and middle-income earners which are a case of take from the poor and give to the rich. ■ Lower the tax-free threshold from $18,200 to $6000. This will drag more than one million low-income earners back into the tax system. It will also increase the taxes for over 6 million Australians earning less than $80,000. ■ Abolish the low-income superannuation contribution and abolish the same proposed 15 per cent tax on income from superannuation above $100,000 a year. The combined effect of these two superannuation changes is that 16,000 high-income earners with superannuation savings in excess of $2 million will get a tax cut while 3.6 million workers earning less than $37,000 will pay more than $4 billion extra in tax on their super over the next four years. ■ Abolish the means test on the private health insurance rebate. This will deliver a $2.4 billion tax cut over three years for individuals earning more than $84,001 a year, or couples earning more than $168,001. People on lower incomes will receive no benefit. ■ Introduce a paid parental leave scheme that replaces a mother’s salary up to $150,000. To put it crudely, this means a low-income mum gets about $600 per week while a high-income mum gets close to $3000. ■ Abolish the means-tested School kids Bonus that benefits 1.3 million families by providing up to $410 for each primary school child and up to $820 for each high school child.
Posted on: Sun, 18 Aug 2013 21:53:19 +0000
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