Australian Politics Forum - The Tony Abbott Plan Will Hit The Poor.

imcrookonit

Ex Member

The Tony Abbott Plan Will Hit The Poor.
Mar 30^th, 2013 at 7:08am

Tony Abbott plan to scrap superannuation tax cut 'hits poor' Sad

Phillip Hudson
Herald Sun
March 29, 2013

MUMS working part-time would be among the hardest hit by Tony Abbott's plan to scrap a superannuation tax cut for 3.6 million people. Sad

About 910,000 Victorians would suffer a hit to their retirement nest eggs under a Coalition plan to axe a $500 tax cut because it was part of the mining tax package, which it's promised to scrap. Sad

The Federal Government axed a 15 per cent contributions tax on super for those earning up to $37,000.

Two-thirds of those who would be affected by the Coalition policy are women.

Superannuation Minister Bill Shorten said some of the lowest-paid workers, such as carers, cleaners and shop assistants, and many mums working jobs part-time, would be among the 30 per cent of workers affected. Sad

Tax office figures show that in Point Cook 7340 women and 4425 men would lose the tax cut under the Coalition.

In neighbouring Tarneit 6790 women and 4270 men would suffer. In Cranbourne, 7170 women and 4015 men would miss out.

The pain would also fall heavily in Ballarat North, Grovedale, Frankston, Narre Warren South, Glen Waverley, Craigieburn, Caroline Springs, St Albans, Hillside and Dandenong.

"Tony Abbott's stubborn commitment to cut this policy . . . will result in some of our lowest-paid workers retiring with much less superannuation," Mr Shorten said.

"This yearly tax cut that instead goes straight into your super savings can end up being worth a big amount by the time you retire."

But the Government has also come under fire for considering reducing a tax break for super contributions for those earning over $180,000 in May's Budget. Cabinet is yet to make a decision.

Mr Abbott said it would be a "smash-and-grab raid".

Read more: http://www.news.com.au/national-news/victoria/tony-abbott-plan-to-scrap-superannuation-tax-cut-hits-poor/story-fndo4cq1-1226609159132#ixzz2OxsLqsrJ

Back to top

IP Logged

MOTR Gold Member Offline Australian Politics Posts: 6646	Re: The Tony Abbott Plan Will Hit The Poor. Reply #1 - Mar 30^th, 2013 at 7:19am This is just wrong. As it is the 646,000 people who make up the top five per cent of the income distribution received superannuation tax concessions worth $7.1 billion which is more than the $6.5 billion received by the 6.4 million people who make up the bottom fifty per cent of the income distribution.
Back to top	Hunt says Coalition accepts IPCC findings "What does this mean? It means that we need to do practical things that actually reduce emissions." IP Logged

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #2 - Mar 31^st, 2013 at 9:20am hits the poor?? what about labors cuting of teh $1000 co contributuon to $500. or what about throwing single parents onto the dole. That sort of hurt the poor?
Back to top	IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #3 - Mar 31^st, 2013 at 9:35am Believe nothing that comes out of Labor between now & September. Correction: believe nothing that comes out of Labor.
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

MOTR Gold Member Offline Australian Politics Posts: 6646	Re: The Tony Abbott Plan Will Hit The Poor. Reply #4 - Mar 31^st, 2013 at 12:51pm bogarde73 wrote on Mar 31^st, 2013 at 9:35am: Believe nothing that comes out of Labor between now & September. Correction: believe nothing that comes out of Labor. This plan is actually from Tony.
Back to top	Hunt says Coalition accepts IPCC findings "What does this mean? It means that we need to do practical things that actually reduce emissions." IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #5 - Mar 31^st, 2013 at 12:56pm Follow the bouncing ball . . .I said believe nothing that comes out of Labor. Tony Abbott's plans come out of Labor?
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

MOTR Gold Member Offline Australian Politics Posts: 6646	Re: The Tony Abbott Plan Will Hit The Poor. Reply #6 - Mar 31^st, 2013 at 1:10pm bogarde73 wrote on Mar 31^st, 2013 at 12:56pm: Follow the bouncing ball . . .I said believe nothing that comes out of Labor. Tony Abbott's plans come out of Labor? You sound like a character straight from an Orwellian novel. What exactly don't you believe?
Back to top	Hunt says Coalition accepts IPCC findings "What does this mean? It means that we need to do practical things that actually reduce emissions." IP Logged

Dnarever Gold Member Offline Australian Politics Posts: 61051 Here Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #7 - Mar 31^st, 2013 at 3:41pm The Tony Abbott Plan Will Hit The Poor. No problem for the Liberals - that is just what they do. Business as usual, vote for the Libs and that is what you get - no surprise here.
Back to top	IP Logged

Armchair_Politician Gold Member Offline Australian Politics Posts: 28141 Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #8 - Mar 31^st, 2013 at 4:26pm Dnarever wrote on Mar 31^st, 2013 at 3:41pm: The Tony Abbott Plan Will Hit The Poor. No problem for the Liberals - that is just what they do. Business as usual, vote for the Libs and that is what you get - no surprise here. ... but it's okay for Gillard to attack single mums???
Back to top	IP Logged

progressiveslol

Gold Member

Offline

Australian Politics

Posts: 17029

Re: The Tony Abbott Plan Will Hit The Poor.
Reply #9 - Mar 31^st, 2013 at 4:28pm

Armchair_Politician wrote on Mar 31^st, 2013 at 4:26pm:

Dnarever wrote on Mar 31^st, 2013 at 3:41pm:

The Tony Abbott Plan Will Hit The Poor.

No problem for the Liberals - that is just what they do.

Business as usual, vote for the Libs and that is what you get - no surprise here.

... but it's okay for Gillard to attack single mums???

Labor says they are not poor. Single mums are fair game.

Back to top

IP Logged

Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: The Tony Abbott Plan Will Hit The Poor. Reply #10 - Mar 31^st, 2013 at 4:31pm EVERYBODY below 'middle-class' will be hit by these Lib-Nat ass-clowns. It's long (too long!) been their standard modus operandi.
Back to top	IP Logged

progressiveslol Gold Member Offline Australian Politics Posts: 17029	Re: The Tony Abbott Plan Will Hit The Poor. Reply #11 - Mar 31^st, 2013 at 4:33pm Kat wrote on Mar 31^st, 2013 at 4:31pm: EVERYBODY below 'middle-class' will be hit by these Lib-Nat ass-clowns. It's long (too long!) been their standard modus operandi. So what you are saying, is liberals will just follow labor in hitting the poor.
Back to top	IP Logged