The Government’s income tax changes will be legislated before Christmas and will come into force on April 1 next year.
Labour campaigned on creating a new tax bracket for income earned over $180,000. The party proposed to tax income earned above $180,000 at 39 per cent.
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The superannuation industry is trillions of dollars of other people’s money.
In an era where the public demands rigorous accountability and tangible returns on political spending, a dramatic performance is simply not enough.
Treasury has the deficit at $6.8 billion and next year within $0.8 billion of surplus. It says that is partly inflation lifting the tax take while spending allowances stay fixed, which is how Willis got there with no new taxes.
If the planet were the priority, the pamphlet would lead with rivers, soil, fish and power that actually stays on. But, no: it leads with who owns the grocery aisle and who pays 45 per cent.
This is a loooooong examination of policy and personnel.
