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Re: New Luxury Car Tax Has Australian Car Industry Protesting
Considering during the last thirteen years of the conservative government it's estimated that the rich doubled their overall position, due to property value increases, tax handbacks and negative-gearing property ownership concessions, lurks added or perpetuated and concessions on private health insurance and private schooling, this is small potatoes.
And as noted, they are still getting personal income tax cuts which more than offset the cost. If it were me, I would have gone further. This actually encourages people to buy locally-madel cars, nearly all of which are under this threshold.
Guarantee you that Holden, Ford, Toyo all bring out 'luxury tax specials' priced $50 below the threshold.
If the Liberals had won this election, their promise was to give tax cuts to anyone except low-income earners who probably need them most in light of fuel, food, rent, mortgage cost increases. It isn't right or fair.
Actually the one thing I disagree with is they've actually halved the tax rebate on LPG vehicles, which I would have doubled.
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- Barbados Series III CV8 'VT Coupe'
- 245kW LS1
- T56 six-speed manual
- C6 330mm brakes/DBA 4000 vented discs
Last edited by BBDOS CV8 : 05-14-2008 at 08:15 PM.
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