What does Effective Marginal Tax Rate mean to you?
The partner in this family is returning to work, only to find that working day 4 & 5 will see no net increase in out of pocket income. This is referred to as an effective marginal tax rate of 100%.
In the recent Productivity Commission report into Childcare and Early Learning, the writers came up with 10 of these just to show how differently the system works for different family situations making different decisions. And guess what? They conclude simplicity and consistency in means testing arrangements is not going to happen because it could have "serious (and unintended) consequences". (see page 871)
If you have worked in building this kind of analysis, you may want to work with us to help people like the one in this example make an informed decision about returning to work.
Families in this situation have home loans, take out insurance and buy heaps and heaps of stuff for them and their kids. We think there are a bunch of organisations that will be interested in the people we help.
It is a big story
Look at this chart, and look at the fastest growing segment of the population. There are going to be a lot of changes in how the system supports them. Do you want to help them? These people save money, consume health services and have a lot of influence. We think there will be organisations will like this too and may want to use our systems.
It's just not that simple
Families get all the help and all those single people are supporting them..right? If you understand the bigger story about a big system built on legacy design, ongoing tweaking and the odd sweeping change you will understand the story is not a simple one. Do you want to make it more simple for Australians to work out how the system impacts them?
Solving information asymmetry
This is what technology is here for right? If you have the technical skills or system knowledge to bring to our users, or are up for the user experience challenge (it's new turf), why not let us know?
Who knows, you may even be helping Centrelink with some of the 38 million calls they get a year (well this was the number in 2012). Less time wasted working this stuff out has to be good right?
If any of this resonates and you may be up for a new way of using the skills you have, why not let us know?
We are up for all kinds of ideas around building out rules covering eligibility criteria. These areas may include:
- Government income support payments, rebates and subsidies.
- Co-incident eligibility based on single eligibility - e.g FTB eligibility leading to State Government eligibility for family energy rebate, applicable medicare safety net, child dental benefits schedule. Or programs associated with Age Pension eligibility (including multi agency - Council rate discounts, registration and license etc).
- Location based eligibility mapping - public school boundaries, energy and utility supplier mapping, council and health services.
If you can imagine a world where a single application can take householder data and clarify all of the above with ease, then maybe we should be working together.