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Taxing labour vs capital
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1 Articles
Taxing labour vs capital
Catherine Cusack (Echo, 27 May) says she believes ‘Australians are fine with fairness for housing. The issue is messy because Labor went a step too far by increasing capital gains tax on non-housing investment’. At no time does she justify her belief. She doesn’t explain why it’s fine to tax earned income [from labour] at a higher rate than unearned income [from investments]. Why a PAYE taxpayer should pay more tax than an investor on the same i…
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