Calls for Cuts to Special Tax Breaks for Seniors
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Australian seniors are receiving unfair tax breaks according to a report released today by the Grattan Institute.
Seniors receive, on average, $32,000 a year from the government more than they contribute in income and sales taxes – $10,000 more than their predecessors did 10 years ago.
The report outlined three recommendations that could see the government save $1 billion every year.
With the national deficit close to $40 billion, are taxes like this necessary?
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