The budget failed to deliver significant income tax cuts to offset bracket creep that is devasting family budgets as a result of high inflation.
For someone on a wage of $80,000, 4% inflation reduces purchasing power by $3,200 each year.
The best Chalmers can do to help hard working Australians, is to offer a measly $275 temporary tax offset.
The minimum CGT tax rate of 30% is wrong. Capital gains like any income should be taxed at the marginal rate. Low income earners are going to be hit hard by this measure.
I could live with removing the CGT discount provided the extra tax revenue from that measure had been used to offset income tax rather than remove negative gearing.
Negative gearing is more effective when income tax rates are high.
If tax rates were lowered, then negative gearing would be become a more much ineffective tax strategy.
Personally I’ve never been a fan of negative gearing, because you have to spend a $1 to get 47 cents back which leaves you 53 cents worse off in today’s money.
There is no substitute for cutting income tax if you want to maintain a strong economy.
Immigration is forecast to be 2 million over the next two terms of Parliament which is still too high.
Yet again if Labor wants to improve housing affordability, why won’t they lower immigration?
Debt levels are forecast to continue to increase which reflects on Labor’s inability to control government spending.
People First will cut spending, cut immigration and cut taxes.
See how at: https://t.co/Fz48WQca1P
Listen up, you lot. My name is Anthony Albanese.
I’ve never worked a proper job in my entire life, and I never needed to. I pocket $11,980 every single week - taxpayer funded, of course - while you struggle with your little bills.
Fuel nearly $4 a litre? Oh boo hoo.
Power bills skyrocketing? Cry me a river.
Empty shelves and skyrocketing grocery prices? Tough luck, champ.
I’ve been Prime Minister for nearly four years and not a single one of your problems is my fault. Ever. It’s either the previous government, global factors, or you right-wing whingers making it up.
So spare me your pathetic whingeing. I don’t pay for fuel. I never have. I never will. My driver takes care of that.
Now stop bothering me with your problems and go back to whatever it is you people do.
Regards,
Anthony Albanese
@AlboMP "Diversity is strength" is a lie. We are now faced with total societal destruction, environmental collapse, living standard collapse, rampant corruption, crime, and rorting of gov programs so bad it is swallowing the economy all so the corrupt uniparty can maintain power.
The uni party is saying @PaulineHansonOz#OneNation have no policies.
I’d say that is a pretty good set of policies and I agree with them all. If that makes me a racist or a redneck then so be it. Australia and Australians first. That should be every political goal.
@wtfinawtfworld Shithouse. Holidays are a luxury and a thing of the past. I have a 3 year old daughter and depaerately want more kids but we can’t afford it. Deeply sad and exhausted.