No Rocket ,I have to disagree.The present taxation arrangements...

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    No Rocket ,
    I have to disagree.
    The present taxation arrangements for pension phase are too generous, and unsustainable.
    I have done a fair amount of work on my own figures, and taking into account the tax I didn't pay during accumulation, and the tax I am not paying now , it would have been a lot cheaper to let me suck on the teat. 
    And there are a lot like me coming behind.
    For me, withdrawals of concessionally derived money taxed at marginal ,with a rebate to reflect tax paid.
    ie as it was before the Howard changes[not franking credits, the post 60 freeby].
    They would only be taking back something they shouldn't have given me in the first place.
    I'd just count myself lucky I've had it for as long as I have.
    Leaves post 60's with a big tax free income[80 grand plus for a couple], but a reasonable level of progressive taxation.
    It is also very difficult to game , and does preserve horizontal and vertical equity in the system.
    Something like this doesn't get done, we will deserve the crowd with pitchforks and flaming torches coming for us eventually.



 
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