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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (67052)	8/6/2005 8:08:27 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Don't forget all this wind on the sails. Commodities boom can make any country look good: Australia and Brazil. If the going is good any politician is good.

To: Elroy Jetson who wrote (67052)	8/6/2005 8:17:31 PM
From: Moominoid	Respond to of 74559

State governments have become more and more dependent on the Federal government for funding under Howard. There has been no attempt to close up all the "loopholes" as was done under Reagan, which I thought was one of your main objections to Reagan. The GST doesn't look like Reagan either. Otherwise there was a reduction in tax on long-run capital gains and some readjustment of the income tax brackets (in the face of strong opposition from the Democrats who did control the Senate not Labor but yes also Labor who think someone who earns $A50-60k per year is rich). I think the top tax bracket now starts at $A75k which is still ridiculous. Clever/risk-taking/moderately wealthy people can dramatically reduce their tax bill (a couple of those categories may have applied to me) while the average middle class tax payer with high expenses to income gets hit hardest.