Liberals Tax Plan Policy
“The Liberal Party’s fair share tax plan will mean lower taxes for families in our region,” Sophie Mirabella, the Federal Member for Indi, said today.
“This new fair share tax plan will ensure that all Australians receive a fair share of the Liberal Party’s pro-growth policies, and will put more dollars into the pockets of taxpayers.”
Under the Liberal Party’s plan, a family with the principal earner on average weekly earnings and the second income earner in part-time work (earning 40% of average earnings) will receive an income tax cut of around $30 per week rising to $50 per week in 2010.
“I set up the backbench group on taxation reform, and I have been pleased with the tax cuts over the last three years and now I am personally delighted that taxes will be cut further.”
“In 1999, someone on $30,000 of income per annum would have paid $6,200 in tax. Following the tax cuts introduced earlier this year, they will now be paying $2,800 in tax. As a result of this announcement, someone on $30,000pa will soon be paying just $2,150 in tax – a further 23% reduction in the amount of tax they pay.”
“As a result of the increase in the Low Income Tax Offset, someone earning up to $14,000pa will pay no tax, with further tax cuts for all income tax payers.”
“It is important to remember that there is no such thing as ‘Government money’ – only ‘taxpayer money.’ Once a Government has funded all its reasonable expenses, it is fair to return any additional money to taxpayers.”
“It is only possible to return tax cuts because of the strong economic management over the last ten years, which have included paying off Labor’s $96 billion debt, and decentralising the wage system.”
“This new fair share tax plan will ensure that all Australians receive a fair share of the Liberal Party’s pro-growth policies, and will put more dollars into the pockets of taxpayers.”
Under the Liberal Party’s plan, a family with the principal earner on average weekly earnings and the second income earner in part-time work (earning 40% of average earnings) will receive an income tax cut of around $30 per week rising to $50 per week in 2010.
“I set up the backbench group on taxation reform, and I have been pleased with the tax cuts over the last three years and now I am personally delighted that taxes will be cut further.”
“In 1999, someone on $30,000 of income per annum would have paid $6,200 in tax. Following the tax cuts introduced earlier this year, they will now be paying $2,800 in tax. As a result of this announcement, someone on $30,000pa will soon be paying just $2,150 in tax – a further 23% reduction in the amount of tax they pay.”
“As a result of the increase in the Low Income Tax Offset, someone earning up to $14,000pa will pay no tax, with further tax cuts for all income tax payers.”
“It is important to remember that there is no such thing as ‘Government money’ – only ‘taxpayer money.’ Once a Government has funded all its reasonable expenses, it is fair to return any additional money to taxpayers.”
“It is only possible to return tax cuts because of the strong economic management over the last ten years, which have included paying off Labor’s $96 billion debt, and decentralising the wage system.”
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posted by Greg Naylor at
8:40 PM
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