THE AUSTRALIAN TREASURY PLANS TO STEAL RETIREMENT FUNDS
Australian political representatives plan to steal our retirement funds by converting everyone’s superannuation into a “pension” rather than one having the choice to take retirement as a lump sum when one retires indicated in a report by the university of NSW titled ” Longevity Management Issues for Australia’s Future Tax System, The Treasury “
Crumbs off the table for low income families with a 50 percent tax discount on the first 1,000 of interest earned on deposits, bonds, debentures and annuity products & tax rebate on previous losses for small business from 30 percent down to 28 percent. Immediate write off for assets costing less than $5,000. Introduction of a deduction clause that will allow taxpayers to deduct $500 of work related and tax agent expenses from 2012-13. The allowance rising to $1,000 from 2013-14.
Australia’s finance minister Penny Wong proposing further tax’s based on lies. As a part of Julia Gillards proposed ” budget emergency plan ” finance minster Penny Wong stated in an interview with the ABC that further taxes are needed as a purported investment to pay for disability care & schools.