this post was submitted on 23 Jul 2025
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The highest marginal tax rate for income earners is over 50%. And it takes effect at much lower incomes than other comparable countries.
Increasing the GST would cause double taxation, as people who earnt money at a higher income tax rate then spend that money at a time when there's a higher consumption tax.
In Australia? The highest marginal tax rate is 45%, and due to the nature of progressive taxation unless you have an absurdly high income most of the income of even high earners is taxed at a lower rate.
Source: I am in the top tax bracket and until recently did my own taxes
75000/255000 < 30%
This is disproving your 58% claim above
You're confusing effective tax rate with marginal tax rate.