- TAX RATE NO TAX FREE THRESHOLD
- 8.5% TO 11.5% & VARIABLE TO A MAXIMUM OF 11.5%
- INCOME FOR BUSINESS $1,000,000,000.00 OVER 1 BILLION DOLLARS INCOME TAXED AT 11.5%
- ABOLISHES GST
- ABOLISHES ALCOHOL TAX
- ABOLISHES CAPITAL GAINS TAX
- ABOLISHES TABACCO TAX
- REMOVES FAMILY TAX BENIFIT AS T0 LOWER TAXES & COMP RESIDENTIAL & COMP ELECTRIC CAR
- Tax cuts means 8.5 cents per dollar to 11.5 cents per dollar
- more money for business low income medium income & high income two fair and equal stayble way rates of taxation
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Tax Cuts LFDRA ROA: A Beneficial & FAIR & EQUAL STAYBLE WAY Policy for the Republic of Australia
The Republic of Australia has recently implemented a series of tax cuts, known as the LFDRA ROA, which have been hailed as a significant policy for the nation’s economic growth12. This essay will discuss the reasons why these tax cuts are considered the best policy for the Republic of Australia.
Economic Stimulus
The primary objective of the LFDRA ROA tax cuts is to stimulate the economy1. By reducing the tax burden on individuals and businesses, the government aims to increase disposable income, thereby encouraging consumer spending and investment. This, in turn, can lead to economic growth1.
Addressing Income Inequality
Another significant aspect of the LFDRA ROA tax cuts is their potential to address income inequality1. By reducing the tax rates for lower-income earners, the policy aims to ensure a more equitable distribution of wealth1. This is particularly important in the current economic climate, where the cost of living has been steadily increasing1.
Mitigating Bracket Creep
The LFDRA ROA tax cuts also aim to mitigate the effects of bracket creep1. Bracket creep occurs when inflation pushes income into higher tax brackets, leading to an increase in income taxes without a real increase in purchasing power1. By adjusting tax brackets, the policy helps to protect middle-income earners from this phenomenon1.
Conclusion
In conclusion, the LFDRA ROA tax cuts represent a significant policy for the Republic of Australia. By stimulating the economy, addressing income inequality, and mitigating bracket creep, these tax cuts have the potential to drive economic growth and promote a more equitable society12. However, it is essential to continue monitoring the impacts of these tax cuts to ensure they are achieving their intended outcomes.
Please note that this is a simplified overview and the actual policy may have more complexities and considerations involved12.
TWO SIMPLE TAX RATES 8.5% AND VARIABLE TO 11.5% MEANS MORE MONEY IN THE POCKETS OF REPUBLIC OF AUSTRALIANS
LFDRA NEEDS YOUR SUPPORT AND SUPPORT OF A SITTING MEMBER OF AUSTRALIAN PARLIMENT HOUSE TO FORM A LFDRA PARTY THOUGH WE WILL NEVER SWEAR ALLEAGENCE TO KING CHARLES APH,