Payroll tax is a tax on employing people.
Think about how insane that is for a moment.
The more workers a business hires, the more successful it becomes, and the more wages it pays, the more the government punishes it with additional tax.
Payroll tax actively discourages businesses from hiring more Australians. It increases the cost of employment, reduces wage growth, and adds yet another layer of bureaucratic compliance and paperwork onto businesses already drowning in regulation.
Even mainstream economists recognise that payroll taxes are largely passed onto workers through lower wages, reduced hiring, or higher prices.
You cannot tax employment and then act surprised when jobs become more scarce and expensive.
The Libertarian Party believes work should be rewarded, not punished.
We would abolish payroll tax entirely and make it cheaper and easier for businesses to hire Australians, grow their operations, and create jobs.