Aussies taxed to oblivion: Katter
Federal MP Bob Katter has claimed that Australians will become a “dying race” under the current tax system, arguing that more people are ditching the idea of having babies to avoid paying more taxes.
Mr Katter issued a statement just weeks after the Federal Government pushed through major changes to its stage 3 income tax cuts, which it says will provide the average Australian with a tax cut of more than $1500 a year as of July.
He claimed “no one” could afford to have families any more because the current tax model favoured “career-minded” individuals over people wanting to stay home and raise children.
“The average income being about $100,000, tax on that is $25,000. Each individual in a (double income and no kids) household is left with $75,000 disposal income,” Mr Katter said. “Now a family of five. There might be a stay-at-home parent (if they can afford it). So an average income of $100,000 is also $75,000 after tax, however, that’s split five ways – so really each individual has $15,000. So where would you rather be? With a disposable income of $75,000 or a disposable income of $15,000?”
According to the most recent birth data from the Australian Bureau of Statistics, women in Australia are having fewer children and having them later in life. In 2022, Australia registered a total of 300,684 births, a decrease of 3 per cent on 2021.
Mr Katter said he was among the first generation where “women were supposed to have careers” but they were now “careering off into non existence”.