United future have just released their policy on taxation and I must admit it is looking pretty good. I did not vote United Future in the last election but am quite impressed with their taxation policies. Income splitting for couples with dependent children is a fantastic way to invest into the family and give mothers a chance to stay home with their children(if they choose to). I think it would need clear guidelines around it and I would have a limitation of about 30k that could be passed to a partner.
The Threshold changes and first 3k being tax free are also quite reasonable in the context that they are also proposing income spliting
I am however very surprised for them to say that their total tax package is only going to cost 2 -3 billion and am suspicious that this may be just the threshold changes without taking into account the income splitting side of it.