SOCIAL SECURITY TAX
AUSTRALIAN PROPOSAL BITTER CAUCUS DEBATE (Rec. 7 p.m.) CANBERRA, Sept. 5. A bivter caucus debate lasting nearly six hours was waged over the innovation in the draft Bhdget of a Social Security tax of Is 6d in the pound of taxable income to finance social services. This will not involve any extra payment by the community. Where taxation now amounts to less than Is 6d in the pound will be no raising of taxation, as the Social Security taxpayer will pay his present contribution. less 12j per cent. The Budget provisions were approved by caucus late last niglit after a stormy meeting of caucus. The fight centred round the division of reduced income into two compartments, one representing revenue up to Is 6d in the pound for Social Security, and the remainder to be treated as income tax and paid into general revenue. The caucus section opposed to this scheme argued that contributory insurance was being introduced under another name.
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Otago Daily Times, Issue 25941, 6 September 1945, Page 5
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163SOCIAL SECURITY TAX Otago Daily Times, Issue 25941, 6 September 1945, Page 5
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