Original article by Adam Creighton
The Australian – Page: 1 & 2 : 6-Jul-17

Analysis of data from the Parliamentary Budget Office suggests that 7.3 per cent of Australians – or nearly 1.2 million people – will be paying the highest marginal tax rate in 2028, compared with just three per cent in 2015. The PBO data also shows that the Federal Government’s total income tax revenue will rise from about $A177bn in 2016 to $A378bn in 2028. The projections are based on expectations that Australia’s population will rise to 29.1 million over the next decade.

CORPORATES
AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, THE CENTRE FOR INDEPENDENT STUDIES LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA