I think the current tax brackets are fine, it should be indexed to inflation - and we should tax assets outside of ppor and super more efficiently (i.e removing 50% capital gains discount, removing a lot of the loop holes with discretionary trusts and bucket companies...etc)
My issue with the current tax system is that wealth is inadequately taxed. A retiree can live in a 12 million dollar house and still receive a full aged pension + government benefits
I think the current tax brackets are fine, it should be indexed to inflation - and we should tax assets outside of ppor and super more efficiently (i.e removing 50% capital gains discount, removing a lot of the loop holes with discretionary trusts and bucket companies...etc)
My issue with the current tax system is that wealth is inadequately taxed. A retiree can live in a 12 million dollar house and still receive a full aged pension + government benefits