News Agency
The Times

Progressive in theory, regressive in practice: that's how we tax income from savings

  • Written by The Conversation
Progressive in theory, regressive in practice: that's how we tax income from savingsShutterstock

We’re told Australia has a progressive tax system – the more you earn, the higher the rate.

And that’s certainly the case for earnings from wages. An Australian on A$35,000 sacrifices 21 cents out of each extra dollar they earn whereas an Australian on $90,000 sacrifices 39 cents.

That’s how it’s meant to be...

Read more: Progressive in theory, regressive in practice: that's how we tax income from savings

More Articles ...

  1. The compromise that might just boost the JobSeeker unemployment benefit
  2. When companies go bust, temporary visa holders miss out and that's wrong
  3. Vital Signs: government lockdown costs may be exaggerated over COVID-19's direct economic impact
  4. JobTrainer explained: what is it, who qualifies, what does it pay?
  5. Power play: despite the tough talk, the closure of Tiwai Point is far from a done deal
  6. Cutting taxes for the wealthy is the worst possible response to this economic crisis
  7. Carbon pricing works: the largest-ever study puts it beyond doubt
  8. There's serious talk about a job guarantee , but it's not that straightforward
  9. Yes, there are millionaires who pay no tax, but crimping deductions mightn't help
  10. Actually, Mr Trump, it's stronger environmental regulation that makes economic winners

How Australian Businesses Can Prepare Their Websites for AI-Powered Search Results

Search is changing rapidly. While traditional search engines remain a major source of website traffic, customers are increasingly using AI-powered platforms to discover information, compare businesses and make purchasing decisions. For Australian businesses, this shift creates a new challenge: ensuring... Read more

  • 1
  • 2
Prev Next
Writers Wanted



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion