In his first major interview of the year, with Neil Mitchell on Melbourne’s 3AW, the Treasurer ruled out increases in the Medicare levy, changes to superannuation and negative gearing, but he dealt with outgoing former Treasury secretary Martin Parkinson’s repeated warning that middle- ­income earners would soon be paying a 39 per cent marginal tax rate (which cuts in from $80,000).

“Bracket creep is going to put middle-income Australians into the second highest tax bracket over the next few years, which is a disincentive for people to work, and at the same time we’ve got to recognise that there is a lot of competition for corporate investment,” he said.

“We need to be mindful of the competition because human ­beings are mobile and we don’t want a gradual outflow of Australians to work overseas because of the lower tax rate,” he added, ­arguing the GST rate of 10 per cent combined with a 39 per cent tax rate would mean ordinary ­taxpayers would be working in ­effect for half the year for the ­government.

australian today ...What Joe really said 

It makes you wonder who the Treasurer is listening to, although we get a clue elsewhere in the interview. He told 3AW:

When Australians spend the first six months of the year working for the government with tax rates nearly 50 cents in the dollar, it's a disincentive.
It's an argument he has run before and one that has been discredited before.

http://www.abc.net.au/news/2015-01-20/barnett-hockey-walks-a-fine-line-on-medicare-changes/6026682

Whats the matter Ken ? Can,t copy and paste the addy or just not available unless a subscriber.

Well well Ken The Australian is not accurate or you fiddled with the text. Which is it ?

NEIL MITCHELL:

So what is more important, cutting corporate tax or personal tax?

TREASURER:

You’ve got to look at competition. I want to give families a bit of a break with cost of living. That’s certainly Tony Abbott’s view. There is a very strong wish to put more money into the pockets of Australians. It is their money. When Australians spend the first six months of the year working for the Government with tax rates nearly 50 cents in the dollar it is a disincentive. You’re working July, August, September, October, November, December just for the Government and then you start working for yourself and your own household income after that for another six months, it is a disincentive. We’ve got to bear that in mind. We’ve got to bear in mind that bracket creep is going to put middle income Australians into the second highest tax bracket over the next few years which is a disincentive for people to work and at the same time we’ve got to recognise that there is a lot of competition for corporate investment.

http://jbh.ministers.treasury.gov.au/transcript/001-2015/

source

No need to read the paper or get your version of events as its online in text.

Seriously Ken you gotta stop embarrassing yourself.

bump

Hockey is a liar. He went on Q and A and lied and that Tony whatever his name is, the host, let him get away with. I was aghast at both of them. I can‘t remember now what he lied about but it was something major.

Spam bump.

Hockey is no better than Abbott. Both stand out "fools and liars".

Topic -  Hockey "Liar or just lousy with figures" ???  =   B O T H   !!!!!!