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We Already Know the Facts on Tax!

Be cynical!

Now we have Treasurer Costello [trying to steal some thunder from his bosses "birthday" celebrations?] announcing another inquiry - this one on tax.

So, 2 so-called experts will head up some 8 Treasury officials to report to Costello in about 4-5 weeks.

But most informed opinion already knows what the position in relation to Oz taxes is. David Uren, Economics Correspondent for The Australian, in an article today didn't seem to have any difficulty putting together the salient facts. For instance the top marginal rate is one of the highest in the world. In fact the 3% who pay the highest marginal tax rate actually make up a staggering 25% of the tax-take from individuals.

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