emma_in_dream (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
emma_in_dream) wrote2014-05-19 06:57 pm
emma_in_dream) wrote2014-05-19 06:57 pm
Entry tags:
Budget and Regression
Last week’s budget was so hideous as to be virtually unspeakable. I couldn’t get to the rally on the weekend because of my bourgeois need to get Pearl’s sixth birthday party organized. However, I did some brief number crunching.
According to the ABS, the mean disposable household income per week in the 2011-12 financial year was $346 for the bottom quintile (20%) and $581 for the second quintile (next 20%). People are a lot poorer than it seems. The average full-time wage is quite high, but so many people work part-time or are unemployed or retired or disabled that the mean incomes are much, much lower than you imagine.
I have listed the percentage of household weekly income which is represented by the proposed $7 fee to see a doctor. As you can see, it ranges from 2% for the poor down to 0.3% for the top earners. This would be the very definition of a regressive tax. Which, by the way, is bad.
Lowest - $346 - 2%
Second lowest -$581 - 1.2%
Average - $793 - 0.8%
Second highest - $1,057 - 0.6%
Highest - $1,814 - 0.3%
According to the ABS, the mean disposable household income per week in the 2011-12 financial year was $346 for the bottom quintile (20%) and $581 for the second quintile (next 20%). People are a lot poorer than it seems. The average full-time wage is quite high, but so many people work part-time or are unemployed or retired or disabled that the mean incomes are much, much lower than you imagine.
I have listed the percentage of household weekly income which is represented by the proposed $7 fee to see a doctor. As you can see, it ranges from 2% for the poor down to 0.3% for the top earners. This would be the very definition of a regressive tax. Which, by the way, is bad.
Lowest - $346 - 2%
Second lowest -$581 - 1.2%
Average - $793 - 0.8%
Second highest - $1,057 - 0.6%
Highest - $1,814 - 0.3%