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Australian MP proposes tax shift from labor to assets, cutting workers' taxes by $1,600 annually.
Independent MP Allegra Spender has proposed a revenue-neutral tax reform to cut average Australian workers' income taxes by over $1,600 annually, shifting the burden from labor to assets.
The plan, unveiled at the National Press Club, targets capital gains, trusts, and negative gearing to offset income tax reductions, aiming to ease pressure on younger workers amid aging demographics and bracket creep.
It seeks to promote intergenerational fairness and economic equity without increasing government revenue.
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El diputado australiano propone el cambio de impuestos del trabajo a los activos, reduciendo los impuestos de los trabajadores en 1.600 dólares anuales.