If you thought Opposition Leader Tony Abbott’s ''It seems the Prime Minister is going to call this a 'mateship tax' but mates help each other. They don't tax each other.'' was the height of juvenile stupidity, then you are going to love his sidekick's response to the following statement by the Australian Prime Minister.
Prime Minister Julia Gillard on 26 January 2011:
First, we will deliver a one-off levy. It will not include lower-income earners.
A levy of 0.5 per cent will be applied on taxable income between $50,001 and $100,000 and a levy of 1 per cent will be applied on taxable income above $100,000. Anyone earning under $50,000 will not pay the levy.
In other words it is not like the Medicare Levy, which for most taxpayers applies to all their income – it is like income tax rates which apply only above certain income levels.
Under this levy, someone who has an income of $60,000 will pay just under $1 extra per week. A person earning $100,000 per year will pay just under an extra $5 per week.
The levy will apply only in the 2011-12 financial year and it will raise $1.8 billion.
People who were affected by the floods will not pay this levy.
Anyone who receives the Australian Government Disaster Recovery Payment for a flood this financial year will be exempt.
Shadow Treasurer and Liberal MP Joe Hockey on 27 January 2011:
It is patently absurd to tax homes that they themselves have been afflicted by the floods.
So their home's drifted down the river and now Julia Gillard comes along and says: good news guys, we're going to put a flood tax on you.
No comments:
Post a Comment