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From: Member of the public Dear Senator Moore
I am very concerned about the proposed changes to the Income Tax payments.
My wife and myself are both pensioners and have work pensions from the States PECRS. My concern is as follows:
I intend to pay my 2019 balance in November.
If they take the 2020 tax between 2023 and 2032 that means that the tax we pay will increase by 2% per annum.
There is a strong possibility that our work pensions might reduce because of the problems caused by Covid. There is also a strong possibility that GST will be increased.
All this means that with a possible reduced income we will have an increased tax and an increased cost of living.
Also as we are not working the tax for the current year would still have to be based on the previous year.
We would be grateful if you could take this in consideration.
I accept it could help some people who have had a reduction in their income. I would think that one solution would be to make it optional.