From Chris deSilva, Dianella, Western Australia
Hockaday suggests that an 85 per cent marginal tax rate should be imposed on individuals earning more than A$200,000 and companies with profits of more than A$2,000,000 to fund health, education, welfare and other good things.
If I earned more than A$200,000 (which I do not), I would immediately find an accountant to ensure that my taxable income never exceeded the threshold. Or I could emigrate: when the taxation gets tough, the rich get going – to a country with lower taxes.
