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GST boost may be answer to dwindling tax dollars

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23.05.2019

Australia lived up to its name of the lucky country last Saturday when the people overwhelmingly repudiated Labor’s high-taxing agenda.

The elephant in the room is that Australia’s tax policy remains seriously flawed.

The top 3 per cent of taxpayers contribute 30 per cent of income tax revenue – and the 17 per cent in the next bracket contribute 39 per cent.Credit:Louie Douvis

We are over-reliant on personal income tax, with the top 3 per cent of taxpayers contributing 30 per cent of income tax revenue – and the 17 per cent in the next bracket contributing 39 per cent.

That means 20 per cent of taxpayers are paying 69 per cent of Australia’s........

© The Age