INCOME TAX ALLOWANCE
Sir,—The magnanimity of the new Government is overwhelming and breathtaking. The farmers have been granted authority to include the cost of the daily newspaper in the list of income tax exemptions. Is this a sample of the Government’s idea of lower taxes on a rapidly rising price market? As no relief in taxation has been announced for the wage-earner, this exemption to the farmers is in keeping with the National Party’s policy, not of lower taxation but of higher profits. The farmer is to benefit from increased produce prices for wool, etc., and lower taxation—a twoway benefit, while the worker,, on his fixed income, receives no relief from taxation, but has had his spending power reduced by rising prices since November—a two-way reduction in tne pay envelope. The National Party is running true to form—higher profits and class distinction.—Yours, etc T „ G. J. BRADY. January 31, 1950.
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Bibliographic details
Press, Volume LXXXVI, Issue 26026, 1 February 1950, Page 8
Word Count
150INCOME TAX ALLOWANCE Press, Volume LXXXVI, Issue 26026, 1 February 1950, Page 8
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