Author Topic: The budget  (Read 94 times)


  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: Sydney, Oz
The budget
« on: December 07, 2017, 04:21:18 AM »
Starting a thread here because... I need one to penn some thoughts.

It's December. Which means it is MYEFO time. I will be amazed if the Government can actually deliver a budget update, considering how distracted they are with various other embarrassing things like not being validly elected.

Curious to know if the budget trajectory is improving or not. It's really getting to the point where serious tax reform needs to be implemented. Shockingly unfair that gainfully employed people pay 34.5% tax on every dollar above $37,000, and 39% tax on every dollar above $87,000. Bracket creep is starting to bite!

It's a lot of cash to be handing over to the government every pay cycle. Come on Malcolm, time to fix it... broaden the base and cut the rates for everyone.