Income tax a major issue for Indi constituents
Federal Independent Member for Indi, Cathy McGowan, says early feedback to the 2018 Indi Budget Survey indicates personal income tax is of major concern to the community.
“The Government’s proposed tax changes need to be fair and balanced. I don’t believe they have got it right,” Ms McGowan said.
“Today I voted against the Government’s Personal Income Tax Plan for high income earners.
“While I support tax cuts for low and middle income earners, if it is a trade-off between cuts for high income earners and provision of more services then the choice is clear.
“The tax system needs to be fair and progressive. I support addressing bracket creep. I do not support a flattening of the tax thresholds proposed in the government’s legislation that will see someone earning $41,000 a year paying the same marginal tax rate as someone on $200,000 a year.
“The proposed tax cuts have three stages. Stage three is the most unfair. I will vote in support of stage 1 and parts of stage 2, but not the elements that lift the 37% threshold from $90,000 to $200,000 by 1 July 2024.
“The 2018 Budget survey of my electorate clearly indicates the fairness of the tax system is a concern for the community.”
There is still time to have a say in the Indi Budget survey. The survey will take only a few minutes and all responses are confidential.
Go to https://www.surveymonkey.com/r/XQT7NGZ before Friday, 25 May.