{"id":18744,"date":"2025-10-07T21:28:16","date_gmt":"2025-10-07T10:28:16","guid":{"rendered":"https:\/\/inkcinct.com.au\/?p=18744"},"modified":"2025-10-08T15:58:23","modified_gmt":"2025-10-08T04:58:23","slug":"giving-tax-cuts-and-taking-them-away-again","status":"publish","type":"post","link":"https:\/\/inkcinct.com.au\/index.php\/2025\/10\/07\/giving-tax-cuts-and-taking-them-away-again\/","title":{"rendered":"GIVING TAX CUTS AND TAKING THEM AWAY AGAIN"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18744\" class=\"elementor elementor-18744\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d1ff562 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d1ff562\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61b14b6\" data-id=\"61b14b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb0e8c1 elementor-widget elementor-widget-text-editor\" data-id=\"bb0e8c1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>Starting back in 1985 a succession of governments have rolled out a series of personal income tax cuts (mainly aimed at higher income earners), a trend that has continued right up to the present day.\u00a0 It was achievable without significantly affecting services or the level of government debt because for much of that time Australia experienced an extended mining boom that has poured billions of dollars into the government\u2019s coffers which largely offset the revenue loss due to personal tax cuts.\u00a0 But mining booms are temporary while tax cuts are permanent.\u00a0 This loss of revenue due to personal tax cuts has been somewhat offset by the introduction of the GST, however these personal tax cuts have left us with a problem; Australia has largely an American style level of taxation with public expectations of a European style welfare and services infrastructure.\u00a0 Of course this is a somewhat simplistic view as there are many other factors in play that affect government revenue and expenditure.\u00a0 But the net result is that there is a perception amongst many politicians and economists that there is a need for tax reform, which will include increasing taxation at least in some quarters.\u00a0 However it will be a brave government that implements tax increases as one thing is certain; it is much easier to give tax cuts then raise taxes.<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e06f5e7 elementor-widget elementor-widget-text-editor\" data-id=\"e06f5e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>CARTOON REFERENCE NUMBER:\u00a0 2025-38<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Starting back in 1985 a succession of governments have rolled out a series of personal income tax cuts (mainly aimed at higher income earners), a trend that has continued right up to the present day.\u00a0 It was achievable without significantly affecting services or the level of government debt because for much of that time Australia [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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