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Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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<blockquote data-quote="user 4386" data-source="post: 657578" data-attributes="member: 4386"><p>Median average weekly earnings are stated to be $1209 per week (median means what most Australians earn) - unless you are indigenous in which case it is $600/week. Average figures are a meaningless value because they include Gina Reinhardts income etc. in the average.</p><p></p><p>My figure was too low - 48% of Australians pay no net tax, not 40%. Any tax they do contribute is offset by the welfare — pensions, family tax benefits or childcare rebates — they receive. "As many as 85 per cent of single-parent families contribute no tax, once welfare benefits are deducted. Of single person households — mostly pensioners — 55 per cent pay no tax. About half of couples with no children pay no tax. For couples with children — with adults more likely to be working — one in four families pay no tax". For example, Australians who pay $12,935 in income tax receive $9515 in benefits, so only make a net yearly contribution to the public purse of $3424.</p><p></p><p>Nearly all net income tax payments to government comes from those on reasonable incomes (and the top 1% of income earners contribute 15% of all net tax contributions to government).</p></blockquote><p></p>
[QUOTE="user 4386, post: 657578, member: 4386"] Median average weekly earnings are stated to be $1209 per week (median means what most Australians earn) - unless you are indigenous in which case it is $600/week. Average figures are a meaningless value because they include Gina Reinhardts income etc. in the average. My figure was too low - 48% of Australians pay no net tax, not 40%. Any tax they do contribute is offset by the welfare — pensions, family tax benefits or childcare rebates — they receive. "As many as 85 per cent of single-parent families contribute no tax, once welfare benefits are deducted. Of single person households — mostly pensioners — 55 per cent pay no tax. About half of couples with no children pay no tax. For couples with children — with adults more likely to be working — one in four families pay no tax". For example, Australians who pay $12,935 in income tax receive $9515 in benefits, so only make a net yearly contribution to the public purse of $3424. Nearly all net income tax payments to government comes from those on reasonable incomes (and the top 1% of income earners contribute 15% of all net tax contributions to government). [/QUOTE]
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General
General Chat
Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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