Fairfax journalist spinning a tax story again…

Why do Fairfax journalist have to exaggerate every tax story they have to push their ideology?

Peter Martin is at it again today when he writes…

 Revealed: how the Tax Commissioner was leant on to deliver high-end tax cuts
Mr Martin again is going to show us how the current Government is a friend of big business and wants to keep the workers down by offering only tax cuts to the “high-end”… 

But hang on. I don’t remember any “high-end” tax cuts recently. So what is he talking about?

He intensionally leaves it to the last paragraph, where he writes…

The tax cut, for Australians earning between $80,000 and $87,000 would be delivered on October 1…

“High-end”?!? Peter, let me show you what the Budget papers say about why this change has been made to the individual tax rates...

This measure will reduce the marginal rate of tax on incomes between $80,000 and $87,000 from 37 per cent to 32.5 per cent, preventing around 500,000 taxpayers facing the 37 per cent marginal tax rate. This will ensure that the average full‑time wage earner will not move into the second highest tax bracket in the next three years. In the absence of this action, they would move into the second highest tax bracket in 2016‑17.

This “high-end” tax cut is to stop average full time wage earners having to pay any tax at the 40% tax rate. Since when is the “average full time wage earner” “high-end”? Come on Peter.

But it would not have served Peter’s ideology if he had have written an accurate article that was titled “Government pushes for average worker not to be overtaxed.”

By Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

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