Treasury paper shows tax rate treble since 1954
The Treasury Taxation Paper reports that the income tax rate for a man on average earnings with a wife and two children rose from 5 percent in 1954 55 to 15.8 percent in 1971 72, while marginal tax rose from 14.2 to 33.3 percent. Personal taxation as a share of revenue stayed near 40 percent. The paper discusses reform options, including a broader consumption tax and a possible value added tax, and notes the shifting incidence of taxation on lower versus higher incomes. It also highlights the interaction of rate structures with rising incomes and the resulting distribution effects. The piece signals political momentum for reform and indicates future papers will detail issues from the committee’s review.
MENTIONED IN THIS ARTICLE
Federal Treasury
Treasury
Asprey Taxation Review Committee
Grenter
The
Asprey Committee
Gorge rapids survivor in 15 hour ordeal
In Cataract Gorge Tasmania a dinghy capsized during a rapid ride. Philip Weeks 22 a Prospect High teacher survived after 15 hours on a rock with zero temperatures. Trevor Graham 21 a missionary student died. Kevin Peaberty 21 aided rescue. Rescue teams, fires, rockets, and a mass effort aided Weeks’s survival and recovery.
MENTIONED IN THIS ARTICLE
White Walter
Philip Weeks
Prospect High School
Oregon
Trevor Graham
Evangelisation Crusade College
St Leonards
Brisbane
Lake Trevally
South Esk
Trevallya
Kevin Peaberthy
the College
Wellington
New Zealand
Weeks
Pobart
W. W. Foster
Mr Weeks
Salvation Army
Mr Weets
Missionary College
Four Die in Shootings Near Melbourne
Police described two fatal shooting incidents near Melbourne. In Mooroolbark a 15 year old and an 18 year old were killed after a youth opened fire at a bungalow. a 17 year old from Ringwood will face two murder charges. In Mornington, Terence King was shot at his home and later died. his alleged shooter, Terence Moore, killed himself.
MENTIONED IN THIS ARTICLE
Debra Smart
Caldstream
Dominic Delesio
Chirnside Park
Mooroolbark
Maelbourne
Box Hill Hospital
D&@bra Smart
Lionel Robertson
Robert Fennersey
Nunawading
Ringwood
Melbourne
Terence King
Mornington
Fifi hurricane leaves Honduras cities in ruin
Nearly 9,000 feared dead and more than 60,000 homeless after Hurricane Fifi floods. Rescue crews faced three metre mud, with Choloma hit hardest where 2,760 perished. Authorities incinerated victims to curb disease as teams race to aid survivors.
MENTIONED IN THIS ARTICLE
Tegucigalpa
Honduras
Fifi
Honduran National Emergency Committee
San Pedro Sula
UN agency aids Honduras after deadly hurricane hits region
UN agency sends top expert to Honduras as aid agencies report at least 40 killed and about 50 000 left homeless across Honduras and neighboring countries. Flooding, contaminated water and disrupted infrastructure hinder relief efforts while international crews mobilize airlifts, water purification units and medical teams.
MENTIONED IN THIS ARTICLE
el Salvador
Red Cross
Guatemala
Mexico
Nicaragua
Belize
British Honduras
Costa Rica
Geneva
United Nations Disaster Relief Office
Honduras
UNDRO
Tepucigalpa
United States
Venezuela
Andina
Teens die in motorcycle crash in Chifley
Two Canberra youths aged 18, Colin Schubert and Karen Kitchenson of Coghlan Street, Chifley, died when the motorcycle they rode left the road in Egsleston Crescent around 10:30 pm. They died at Woden Valley Hospital. A separate incident left ACT Constable Kevin Smith injured after a collision at Ellandera and Lonsdale Streets. In NSW, Darrell Bowen, 21, of Rivett, died when his car crashed on the Hume Highway 14 kilometres north of Goulburn.
MENTIONED IN THIS ARTICLE
Canberra
Egsleston Crescent
Chifley
Colin Schubert
Karen Kitchenson
Coghlan Street
ACT
Woden Valley Hospital
Kevin Smith
Deakin
Canberra Hospital
Elanera Street
Lonsdale Street
Braddon
Goulburn
Darrell Bowen
Croton Street
Rivett
Hume Highway
Nsw
Brezhnev Cancels Visit With Iraqi Foreign Minister
In Moscow the 68 year old Soviet leader Brezhnev could not receive Iraqi Foreign Minister Taka as planned last week. Arab sources say high Soviet officials told Taka the meeting was cancelled due to Brezhnev illness not publicly disclosed. No illness details announced. absence or rest cited.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Communist Party
Brezhnev
Taka
Hot wax baths used to treat cancer patients in Edinburgh
Cancer patients at Western General Hospital Edinburgh receive hot wax baths raising body temperature to 42 C (108 F). Dr Robert Pelligrew led seven years of work with 85 patients given around 350 baths. One patient reportedly returned to active life two years after doctors gave him months to live though treatment has only shown cancer regression, not cure.
MENTIONED IN THIS ARTICLE
London
British Journal of Surgery
Robert Pelligrew
Western General Hospital
Edinburgh
Canberra swimming classes offer free learn to swim program
The Canberra Times and Woden Valley Amateur Swimming Club announce free learn to swim classes for children five and older at Phillip heated pool. Six Saturdays from October 26 to November 30, 30 minute sessions 9am to 10am. attendees may earn NSW Amateur Swimming Association 25 metre certificate. Instructors sought via Mrs Jean Bolton at SL0182.
MENTIONED IN THIS ARTICLE
The
Canberra Times
Woden Valley Amateur Swimming Club
Phillip
Berra Times and
NSW Amateur Swimming Association
Jean, Bolton
Nurse Uses Trolley and Dog to Snare Prowler
In Sydney a nursing sister Barbara Withers 34 used a washing trolley an unloaded air rifle shoelaces and her dog George to trap a youth in her Canterbury garden at 2am after eight break ins. She warned him threatened to shoot and tied his hands before police arrived the youth wept and no charges were filed.
MENTIONED IN THIS ARTICLE
Sydney
George
Canterbury
Barbara Withers
Fox Farrier
Miss Withers
Sporting-Shooters
Chief Justice Burger Hospitalized After Bicycle Accident
Chief Justice Warren Burger, 67, was admitted for X rays and examination after a Friday night bicycle accident near his home. He had been given a three speed bicycle as a birthday present and was riding to avoid a car when he was hurt.
MENTIONED IN THIS ARTICLE
Washington
Reuter
Warren Burger
Whitlam Media Criticizes Queensland Premier In Speech
The Prime Minister RA Whitlam criticizes Premier of Queensland Sir Joh Bjelke-Petersen for hindering state development during a Sydney speech on Saturday. The report covers regional politics, labor and immigration plans, and notes other page items.
MENTIONED IN THIS ARTICLE
Trime
Whitham
Queensland
Sjelke-Peter=sen
Pape
Labor
Me Cameron
Sydney
Explosion rocks Houston rail yards injuring about hundred
An explosion tore through the Southern Pacific Railroad yards in Houston on a Sunday night, injuring around one hundred people and damaging nearby buildings as fires spread through the area. Police and emergency services responded quickly to the chaotic scene. Local hospitals prepared for a large influx of patients as investigators began documenting the incident.
MENTIONED IN THIS ARTICLE
Houston
Lexus
Southern Pacific Railroad
Also Mentioned on This Page
Queanbeyan Blues
Jim Morgan
Canberra Tigers
Jim Brydon
Seiffert Oval
Queanbeyan
Jamie Jones
Garry Kerr
Treasury Paper
Warwick Bracken
Tasmania
Pakenham
Victorian
Parachute Club
Australia
Tasenver Exis
Kuala Lumpur
Suday Paap
University of Malaya
Mr Robertson
Zelma
Terence Moore
Frankston
Berryl
King
Takien
Alfred Hospital
Eduardo Andino
Tegu
Cigalpa
Central American Republic
Luis Dicua
Central Information Agency
Andino
Choloma
UN Agency
US Southern Defence Command
Panama Canal Zone
Exico City
Panama Canal Zoro
Cucl
Teguelgulpa
Bajo Aguan
Brezhnev In
Feltigrew
Can
Chief
Whitlam
Qld
India
ACT Legislative Assembly
Women’s Electoral Lobby
Lage
North Melbourne
Richmond
Buck Page
World News
Pienee
Sioneer Express
Leadine Road
Methuen
Adelaide
Perth
Cairns
Tibonine Ave
Trarvel
Ranean
Federal Capital Press of Australia
Rey Limited
Pirie Street
Fyshwick
Federal Capital Press of Australia Pty Limited
John Fairfax & Sons Limited
Canberra City
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