I’m sick and tired of hearing and reading left wing politicians, media commentators and others whining on about tax cuts for the rich. How about some facts:
Individual 1
Earns $40,000 per annum
Pays tax $7,640
Effective tax rate 19.1%
Individual 2
Earns $100,000 per annum
Pays tax $29,540
Effective tax rate 29.5%
Individual 2 earns 2.5 times more than individual 1 but [...]