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Old 31st January 2003 | 00:36
  #8 (permalink)  
Lloyd Braun
 
Joined: Nov 2002
Posts: 42
Likes: 0
From: Aus
IMHO these stats are misleading. They reflect taxable income only and are not a true reflection of what a lot of people are earning.

How many thousands of Doctors/Lawyers/Business owners pay themselves a salary of $59,000 (taxable) while their practice/business reaps $250,000 ?

I think the published average is dragged down by all those on welfare and high earning individuals earning a modest TAXABLE INCOME.

The figures are good for the government as most people think they aren't doing too badly compared to others so paying 48.5% tax is easier to swallow.

You only have to look around at the local marina and see millions of dollars worth of yachts/boats which proves that a lot of people are wealthy.
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