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Monday, 26 November 2012
Page: 13073

Australian Taxation System

To the Honourable the Speaker and Members of the House of Representatives

This petition of a concerned citizen of Australia draws to the attention of the house:

In the 1950's and '60's, the tax system was arranged to attempt a continuous system of proportional tax along the whole range. To achieve this would have been an enormous project particularly if changes to levels of tax at changing levels of income were needed.

I have programmed a system on excel by which the changing of two figures, (1) of maximum tax per cent of income (65) or (2) amounts ($450,000), to be relevant on the personal tax system. I request that this tax system be adopted for future tax use, and, with the adoption of the use of the system for company tax, as below with the required changes, 55 or so in the place in C12, replacing the 65, and $3,500,000,000 or so to replace the $450,000 in C14. I have found this to be automatic and accurate over the whole range.

 

A

B

C

D

 

 

Taxable Income

 

 

10

 

 

 

 

11

 

Tax Payable

=C9*C12

 

12

 

Per cent of Income

=IF(C9>=C14,D12%,

(C9/C14)*D12%)

65

13

 

 

 

 

14

 

 

$450,000

 

from 1 citizen