Personal Income Tax and Domestic Violence Campaign

public hospitals: WHAT WILL BE THERE* A reduction in the overall tax burden.* Signs of modest improvement in the budget bottom line.* Confirmation the budget repair levy on high-income earners will end on July 1, 2017.* $5 billion over four years for a subsidised public dental scheme.* $2.9 billion extra for public hospitals, stemming from COAG agreement.* $230 million cyber security strategy.* $100 million domestic violence campaign.* $21 million in health care for chronic conditions.* Brought-forward upgrade of Adelaide-Tarcoola rail line.* New drugs on the Pharmaceutical Benefits Scheme.* Extra aged-care places, according to Nine News Australia. HINTED AT* Modest personal income tax cuts to address wage inflation pushing middle-income earners into the second-highest tax bracket.* Timetable for phased-in cut to the company tax rate of 30 per cent.* Paring back superannuation tax concessions for high-income earners by lowering the 30 per cent tax on concessional contributions to $180,000 from $300,000, while helping those on low incomes.* Further crackdown on welfare rorters.* Incentives for state governments to get private sector involved in road, rail and port projects, and unlock land for housing.* $1 billion for military role in Afghanistan, Iraq and Middle East, plus $1.4 billion in new defence spending. WHAT WON'T BE THERE* Changes to tax breaks for property investors, aka negative gearing.* Changes to the capital gains tax discount.* A rise in the rate of GST, or broadening its base. WHAT VOTERS WANT* Increased health and education funding.* Personal tax cuts.* Reduced superannuation tax concessions for high earners.* Increased tax on cigarettes. WHAT THE ECONOMY IS DOING* Growing at its fastest pace in two years.* Benign inflation outlook; unemployment rate remaining close to six per cent; wages growth at its slowest in almost two decades.* Iron ore prices have soared to $US70 per tonne compared to $US39 assumed in the mid-year budget review, a positive for national income.© AAP 2016Politics Send your photos, videos and stories to can remain anonymous. WHAT BUSINESS WANTS* The budget back in balance in five years.* A path to a cut in the company and personal income tax rates.* Infrastructure planning and skills training. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.