The acceleration in Labor’s rhetoric – fuelled by a direction from Labor campaign headquarters for frontbenchers to use the saying in every public appearance – has led Prime Minister Scott Morrison to accuse Mr Shorten of "class warfare", and sets up a stark election contest between aspiration and fairness.
According to the Tax Office, the average taxable income is $58,700 a year, but that is skewed by high-income earners. The median or typical income is $43,900. Shadow treasurer Chris Bowen released costings on Friday, showing the measure would raise $7.7 billion over four years after excluding farm and charity trusts. According to the Australian Bureau of Statistics, 93.2 per cent of the value of private trusts is held by the wealthiest 20 per cent of households.
But the largest hit will be to the less than 0.1 per cent of people who have credits in excess of $40,000.
Trivial.
Gee. So 90% of Australians will benefit. That’s good news
...but a Bill is at the “top end of town”.
For someone so seemingly uninteresting, Shorten seems to be getting ten times the coverage in the tabloids of any other party leader.
And the problem is?
Will I vote for Labor for I will be at least 5% worse of on after tax income? Every Australian resident whose annual taxable income is more than $90K will be at least 5% worse off, right?
Is he going to increase the GST?
Oh CFMEU MEBERS EARNING BIG BUCKS BEWARE OF YOUR X UNION GUY
SCOMO said to give the public a 'FAIR GO' (JOKE)!! THE ONLY WAY we are going to get that is by VOTING for LABOR!!😉😉😉🙃🙃
But he’ll need higher taxes to pay for the increasing, imported ageing generation - Shorten is a fool
10% of tax payers pay EIGHTY PERCENT of income tax. How is that a fair society? Easy to run a campaign to appease the majority by giving them other people’s money..
It should come as no surprise! ALP's hidden agendas to now target medium to high income earners! It was always their intention. Costings are out now for everyone to scutinize. How else will ALP pay for plether of taxation reforms! The goal posts are being moved. Smoke & mirrors
How about we turn this on its head “ LABOUR PLAN BENEFITS OR NO CHANGE TO 90% OF TAX PAYERS
Australia is a heavily taxed country and increasing taxes is not the answer. Consideration needs to be given to reducing taxes to make it competitive with the rest of the world. Be innovative on revenue raising. Taxes is part of cost of living and we are spiralling
Taxing the country into oblivion. As the RBA said the greatest threat to the economy is lower household spending. If you take home less BILL you spend less, you and Bowen have no idea. Higher taxes are not the answer.
How is 'top end of town' inconsistent with 10% of taxpayers? Eryk, try to maintain a thin veneer of impartiality if possible... auspol
Tax grab Bill, nice having the Labour Party and Union members pay for his makeover and Chloe's for the last few years.
CLICK BAITING LIES ... people please read it, there is no increase in tax just not giving the “top end of town” as big a tax reduction as the corrupt LNP we’re planning to. 80 billion minus 32 billion is still 48 billion TAX REDUCTION. ANOTHER PATHETIC LNP LIE.
Top end of town also includes union leaders
No wonder The Age is going under.
But how will the fabulously rich get slightly richer under the LNP at the cost of education, health and welfare? auspol ausvotes2019 ausvotes19
Asholes
Great!
That's it Labor! Tax the Aussies dry! If they elect you, they deserve such treatment. NEVER LABOR! EVER!!
clear choices LNP is defending bankers brokers& prop developers or Labor for more basic gov services Residents of Palm Beach in Sydney and Toorak in Melbourne – where average taxable incomes reach up to $230,000 would pay more It is OK n fair
Do not vote this guy in he is a turd 💩
The shit Storm begins.