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Jim Chalmers is talking about relieving the pressures on family budgets by indexing social security payments. Yet he says nothing about indexing the personal income tax brackets.
It is a shame for all our politicians that they do not call out and correct the insidious impact of inflation on family incomes by not indexing our income tax brackets. This increases personal tax by stealth!
If there is a need to tax the population more it should be made to the public, and a case for how to spread the revenue load should be presented.
Taxation by stealth is unconscionable conduct.
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