As I said some time ago..... stop charging IVA on food... that would be a quick and easy boost for poor peoples living standards.
What does the Chilean tax scale look like?
In Australia the minimum wage -- which allows a family to live in 'frugal comfort' ... is about $A740 a week or about $A40,000 a year
The tax scale is .....
Income thresholds Rate Tax payable on this income
$0 – $18,200 0% Nil
$18,201 – $37,000 19% 19c for each $1 over $18,200
$37,001 – $90,000 32.5% $3,572 plus 32.5% of amounts over $37,000
$90,001 – $180,000 37% $20,797 plus 37% of amounts over $90,000
$180,000 and over 45% $54,096 plus 45% of amounts over $180,000
How does that compare ?
GST/IVA is 10%
The economies look much the same.... minerals and agriculture....