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Should the rich pay more tax?

By Robin . Created on 27 Dec, 2020
Should the rich pay more tax?
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Lifestyle 129 votes | 16 Comments
Rich pay more tax?

Rich pay more tax?

YES

YES

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David said 8 hours ago
Given that Australia has a progressive tax system where higher income earners pay a greater percentage of income in tax it is difficult to argue that these people pay even higher proportion of income through taxation. Punitive rates of taxation are a disincentive to earn more. That is why some income earners choose part-time hours over full-time. It would be better to expand the coverage of GST to capture more expen...
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YES
Liane said a week ago
Definitely
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Joyce said a week ago
As others have stated, rich is a relative term. As soon as somebody comes up with a tax system that everyone is happy with, another person will shoot holes in it. My personal tax 'grudge' are people who are share farmers claiming to be primary producers. I know people like this, the farmer does ALL the work, they contribute cash for seed, etc, but they claim everything...
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David said 3 weeks ago
Define “rich”. “Rich” is a relative term that has no meaning except in the perception of the person making the judgment. A single person and a family have very different ideas about their relative financial well-being. One may have the means for expensive chattels and holidays while the other struggles to provide for a basic existence.
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Rich pay more tax?
TheWad said 4 weeks ago
I personally think the current tax system is ok as it is. We should be more concerned with those businesses that run at a loss, but deal in a lot of "cash". I'm sure most of us know of a business of this type.
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Mrs said 4 weeks ago
With you. Drug dealers pay one type of tax and one type only. GST because even they can't find a way round it all the time.
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Rich pay more tax?
David said 4 weeks ago
Define a 'loop hole' ..... if it's a legitimate deduction, it's fine .... AND AVAILABLE TO EVERYONE..... very immature answers with no real thought
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Aaron+Nolan said 4 weeks ago
A loop hole in the tax world would be a tax minimalization strategy. Or tax deference scheme. Usually where corporations and those with high disposable incomes can dabble in. Here is a loop hole for you then. Negative gearing on a hobby farm. Define hobby farm less than 10 acre...
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YES
Jadegirl said 4 weeks ago
Absolutely the rich should be legally made to pay more tax's
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Rich pay more tax?
TheWad said 4 weeks ago
Why?
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Rich pay more tax?
West Swan said 4 weeks ago
You need to define 'Rich'. Many high income earners are 'Rich' in my eye and already pay more tax than most. In addition they also pay a higher rate of tax as mentioned by Toni. Is that fair? I agree with the companies comments below.
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1 comment...
YES
Ecartar said 4 weeks ago
As others have said, close all of the loopholes used by anyone to avoid paying their fair share, also ensure that multinational companies pay full tax on all profits generated from doing business in Australia, tax cuts to the wealthy does not result in trickle down benefits.. I also think that religions organisations should also pay taxes, unless they contribute equal amounts of assessed taxes to social works. A lo...
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