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LNP 400% Interest Tax Increase

  1. Gillysrooms

    8,970 Posts.
    The LNP cant do its mathematics very well to benefit its own LNP supporters who are the ones to pay most of the taxes the Feds policy will introduce if they godown the path of reducing the govt Deficit by increasing taxes. Abbott & Costello oops Hockey keep saying it costs $1 Billion per month in interest to the feds which is about at official rate of 2.5% WHEREAS taxpayers imo would need to pay at lest 300-400% more in interest to share that burden as taxpayers which would need to be borrowed from commercial Banks. IMO on this occasion the LNP IS WRONG to attempt to shift the burden onto taxpayers when it cant shift it to welfare recipients as it has been tried to do and failed in the Senate.

    Cost of money to Feds is about 2.5%
    Cost of Funds to Taxpayers from 5% - 10% to Master Card rates of 22% for some taxpayers

    HOW could LNP Policy be so smart for the country to PUSH the burden onto Australian Taxpayers by transferring the national debt into private taxpayer hands?? WHO would benefit more than the extra MARK UP the banks would make to the detriment to our taxpayers who incidentally wont we equally shared by ALP supporters most of which receive free welfare from the Feds & States & Local Govt and don't pay much tax and no income or corporate taxes?

    The proposed reduction of the Fed Govt Debt is really going to be an increase in tax of an average of around 400% more or more .


    Who cares if the reduce small business tax by 1.5% when there is no tax payable if you don't make a profit? Yet increase an effective $1 Billion per month interest bill tax to $4 Billion tax on taxpayers?

    ALL READERS welcome to comment & if you have LNP connections ...send this message to HOCKEY who imo needs re-education about the definition of taxes and who the taxpayers are & the burdens he is attempting to inflict ?

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