Bam wrote on Sep 26
th, 2019 at 1:00pm:
Bobby. wrote on Sep 26
th, 2019 at 12:25pm:
Meanwhile the Govts do everything they can
to make it more difficult to employ people -
payroll tax is a great example -
a tax on jobs.
Payroll tax is a bad tax. It discourages employers from hiring, it is complex to administer for companies that have offices in different states, and it is inefficient.
It would be far better if the tax was abolished and replaced by a single Federal tax. Tax companies on turnover at about 1%, give the revenue to the states
per capita. It would raise about the same amount of money but companies would save money through lower compliance costs.
Payroll tax is insane.
Whenever I've had a pay review I'm always
reminded of the extra 4% it's costing
in payroll tax just for the privilege
of employing me.
Add that to the GST that has to be
paid for every job I do and
then the GST I pay on everything I
buy then it's a bad deal.
It seems that everyone else has their
grubby mitts on my money before
I can even do anything.
In fact there are about 38 taxes
on every business -
another one is land tax -
the Govt pulled that tax out of their arse.
On top of that - it's still not enough
money for the Govts -
they have borrowed $1 trillion.
That is total debt - federal and state.