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What do you define as low income earners?the lowest 50% pay barely pay 2% of income tax now.It is far better to provide direct subsides to the lowest income earners, that way the tax custs do not flow on to the highest income earners.According ton CEDA the lowest quintile end up with around $40,000 P.a. on average.for that average person, 40% of their income goes on rent, and although such persons would be very rare, the home owner equivalent, mortgage cost, would be even higher if they were paying off a mortgage.Mick
What do you define as low income earners?
the lowest 50% pay barely pay 2% of income tax now.
It is far better to provide direct subsides to the lowest income earners, that way the tax custs do not flow on to the highest income earners.
According ton CEDA the lowest quintile end up with around $40,000 P.a. on average.
for that average person, 40% of their income goes on rent, and although such persons would be very rare, the home owner equivalent, mortgage cost, would be even higher if they were paying off a mortgage.
Mick
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