Why you're paying more tax than older Australians on the same income
The Briefing
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Tax Inequity: The Divide Between Generations
This chapter explores the tax disparities faced by younger Australians compared to older generations, emphasizing how the tax system favors wealth accumulation for the latter. It discusses the broader economic implications, including challenges like housing affordability and financial insecurity for youth. Moreover, it outlines potential tax reforms aimed at creating a more equitable system that benefits all demographics, while stressing the importance of community involvement in the reform process.
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