'Disatrous' land tax soars 1200 per cent in 12 month

Viva la revolucion!

Socialismo or Muerto!

 

Actually the only person exhibiting a bogan Mentality is you, coming in ranting and raving with a post full of inconsistencies and unfounded opinion

Take a deep breath, explain how your idea would work, explain this apparent new definition of socialist you've invented so we can understand you and try again

 

Cheers for the feedback Sanj – I accept it was a bit of a rant, but just highlighting the fact the time is well overdue for ‘proper’ tax reform in this country, with nothing off the table. The states have their important responsibility for health, education, policing etc and the funds have to come from somewhere – no issue there. But putting royalties to one side, the majority of their revenue comes from transfer duties, payroll tax and land taxes. These were concocted decades ago when Australia was an isolated island at the end of the world, and governments knew no better. But they are terribly inefficient and bloat costs for business is my point. You start jamming a dollar here, a dollar there for various transactions along the way and they turn into tens of dollars for the end product. The surest way to ensure we only sell raw materials in a global marketplace, and I think we are better than that.
Compare that to the neat efficiency of our GST system, which guys like you and I actually provide the collection of free of charge. Beautiful for exports, without the bloated costs packaged in. In terms of boosting exports with value-add I can’t see how we wouldn’t be better off bumping our rate to say 12% so long as some of the dud taxes get dropped or reduced along the way, along with those silly ‘envy’ taxes that get imposed on businesses by gutless politicians, some of which I mentioned. The Feds would distribute extra tax to the states in this scenario, hopefully on a fairer basis to WA than what happens now of course! Our best chance as a nation to be globally competitive though IMO.

The reference to socialism refers to dumb participants on either side of politics who refuse to accept the need for an urgent overhaul of our revenue system and want to be popular instead of being smart. Don’t know that it’s possible to ineffeciently tax our way to prosperity but others might know better.
Tax reform probably deserves its own thread so i wont go further here.

 

Apologies for late response, just saw this.

Good post, I agree with a lot of it, unfortunately I believe the proper reform, if it occurs, is a long way away as even during the talks of reform the last few years there has been too much focus on negative hearing and almost none on getting rid of stamp duty and introduction land tax which would actually be a lot more productive for the economy and be more consistent and less lumpy for state govts than current and that's just one example of headline driven "reform" vs policy/outcome driven actual reform

 

I do pay over 10K this year
Went up quite a bit.
One of the reasons to look outside the basket.

Viva la revolucion!!