Howard's high earners to face cuts

tabsey

5-6-2008 5:15 AM

72 views

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9a59a00d-f1ab-4aab-b8bf-2e907ef63053/BA75200E-036F-43BB-8B31-3E6A8DF4A4DF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5" href="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5" style="font-size: 11px;">www.theage.com.au</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5"><P>AUSTRALIA'S top earners nearly doubled their income during the
Howard government years, new figures have revealed, providing
ammunition to Treasurer Wayne Swan as he prepares to slug the rich
in the federal budget.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5"><P>An analysis prepared by Treasury shows that families with an
earner in the top 3% of taxpayers have enjoyed an 85% increase in
their disposable incomes since 1996 — about 1.7 times the rise
for families with an average income earner.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5"><P>The top 3% have also seen their average rate of tax fall by 6.2
percentage points in that period, almost twice the 3.3 percentage
point reduction for someone on average earnings.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theage.com.au/articles/2008/05/05/1209839553528.html?s_rid=smh:top5"><P>The analysis, prepared at the Government's request and obtained
by <I>The Age</I>, could be used by Mr Swan next week to defend a
squeeze on the rich in a budget designed to tackle inflation with
big spending cuts.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BA75200E-036F-43BB-8B31-3E6A8DF4A4DF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tabsey says:

And the conscience free rich will squeal like stuck pigs, whilst ignoring the fact that their increased wealth has made the lower socio-economic group poorer. But only the conscience free rich, not the ruthless ones.

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Howard's high earners to face cuts

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