50 dollars and northwards

Marty G
14 years ago
Categories: gst, humour, tax
Tags: broken promises, john key

Felix can hardly contain himself at the prospect of National’s tax changes:

Woohoo!! Told you my mate Mr Key would be able to deliver a ‘north of $50 a week’ tax cut. And you all said he wouldn’t. So who’s looking stupid now eh?

I mean sure, you need to bring in $180,000 a year to get it but just get off your arse and be a bit more ambitious whydontcha? Either up-skill or learn how to trade currency and you’ll be claiming your ‘north of $50 a week’ in no time.

And when I say ‘in no time’ of course I mean ‘in quite some time’. Or ‘at no time’ depending who’s asking. What time is it in Australia? Stop confusing me.

North of $50 a week!!! YEAAAH!!!

🙂 Yeah, um, about that promise of tax cuts “north of $50 a week” that Key made to get elected…. Well, the reality isn’t so flash I’m afraid.

80% of taxpayers will get net tax reductions of $3 a week or less (mostly a lot less), 10% will get tax increases, and the top 0.5% (17,500) walk away with nearly $200 million a year in net tax cuts – $11,000 each.