@ISIDEWITHQuestionseconomyStarted 12yrs agoActive 5 days ago

Should the government raise taxes on the rich?

The top income tax bracket in Australia includes all incomes over $181,000 and is taxed between 30.3% and 45%. Individuals making $180,000 are taxed $65,000 plus $.45 for each $1 earned over $180,000. An individual making more than $500,000 would pay a tax rate of 59% in Australia, 57% in the UK, 60% in the US and 73% in Brazil.

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Answer Overview

Response rates from 414 Ballarat Central voters.

73%
Yes
27%
No
67%
Yes
21%
No
6%
Lower the income tax rate and remove all existing tax loopholes for large corporations
4%
No, but lower taxes for the poor
0%
Yes, and raise taxes on all income brackets
2%
No, keep the current tax structure
1%
Reform to a flat tax

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Other Popular Answers

Unique answers from Ballarat Central voters whose views went beyond the provided options.

 @4VPG4NVfrom Victoria  answered…4yrs4Y

How do you determine rich? Its not about salary really is it. The filthy rich do not receive standard pay and wages as normal workers do. It's these people that must be taxed and that includes all they receive and spend as corporate expenses . The normal worker gets taxed on perks and allowances. The filthy rich get away without any issue on their perks and out of pockets!

 @4SZP3NVfrom Victoria  answered…4yrs4Y

Yes, but also take into consideration the number of children supported in the household

 @9K8PHGNanswered…1yr1Y

Taxes should vary based on income/tax bracket. The rich will naturally be paying more than those in lower tax brackets. The rich should not receive additional tax increases.

 @B3QZC9Zanswered…5 days5D

Increase tax on consumption. User pays more. Lower income tax. Incentivise large business if they employ more people. Increased tax will push more offshore.

 @B3QG99Yanswered…6 days6D

Should be means tested, but wealth itself is only one part of a much bigger equation; How many hours does a person have to work in order to earn the level of wealth they have? How is it offset by assets and expenditures related to their income? How far above / below a good, liveable, comfortable wage / salary does the overall position put them? Is that remuneration projected to last a significant amount of time, or terminate in the near future?

 @B3JKH9Hanswered…1wk1W

This isn't the issue, rich or middle class, you need to pay tax at a percent from profit made. The issue is what is being taxed outside of profit made. The micro transaction on very hand over is too much. 1 item that gets to me has already paid tax 3-4 times before me. From manufacturing ingredients to onselli g to companies to distribution to vendors and then the customer.
Also companies and corporations need to be scrutinised a lot harder.

 @B3FDJZBanswered…2wks2W

No and reform the tax system to ensure that people aren’t being excessively taxed. People should PAY LESS TAX.

 @B3F9HZ5answered…2wks2W

Lower taxes all round after starting a sovereign wealth fund that funds things our taxes would usually go towards

Latest News

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 @ISIDEWITH submitted…7mos7MO

War crime tourists pay $3,000 to see Ukraine’s horror

War Tours, pays a wage to its tour guides – who are refugees themselves – and regularly donates funds to the war effort. But some of his competitors appear to be raking in the cash: one week-long “war tour” package reportedly offered to tourists comes with a £3,000 price tag. Clients are from the US, Britain or “small European countries”, he says, and interest in tours has risen this summer. “I think they deserve to see what’s happening here because their governments support Ukraine, and they pay for that with their taxes,” he says, adding “people have a right to know how their money is spent.” It would seem that the Ukrainian government is also keen to attract visitors. In March, the country announced a campaign to attract tourists, saying it had the infrastructure and hotels to welcome foreign travellers, albeit when the war was over. “Any money that people will spend in Ukraine will help the economy to recover,” said tourism boss Mariana Oleskiv. More than 70,000 people visited the disaster-ravaged area in 2021, with numbers peaking at almost 125,000 in 2019, three years before the war broke out.“People are interested in seeing Bucha because it’s evidence of Russian aggression in their own eyes, rather than just through the media,” he explains. But “they also wanted to see destroyed Russian vehicles, and the different kinds of drones used by both sides, as well as the famous exhibitions in Kyiv”.

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