y90 said:
yeh ozza i need it relly relly bad....did the flower guy above post it for u?
if not please send
please include arguements FOR as well
Lol, Without Wings (Flower guy, lol) has already been there and done that and given heaps of advice in all sorts of questions like this. That and she says everything I intend to say... but better... with more statistics (that are up to date as well
). I dunno how she does it, but consider her the authority on the matter.
What she's written (In 11 mins somehow, lol) is pretty much almost an exact summary of the textbook... though Dixon has been notorious for skimpy detail.
Impact on the distribution of income.
The only thing that she didn't say (which she probably did somewhere...) is that it can have a
mixed impact on the distribution of income. The 2006-07 budget is thought to have made the tax system less progressive as high income earners benefitted the most from changes to the income scale and to superannuation tax arrangements. The top two marginal tax rates were reduced by 2 cents in the dollar, whilst at the lower end of the tax scale, only changes to income tax thresholds were made. AS a result, it was predicted that an income of $150000 got a tax cut of $119 pw whilst someone on $50000 only got a $10 tax cut pw. (And yes, I realise that's last years budget... but as I said, I'm not through the HSC either, so I'll get there when I get there).
