ALP’s tax plan hurts workers, says Frydenberg

Original article by Adam Creighton
The Australian – Page: 4 : 15-Jan-19

Treasurer Josh Frydenberg says data from the Australian Bureau of Statistics shows that low- and middle-income earners would bear the brunt of Labor’s proposed capital gains tax reforms. According to the ABS, some 194,000 middle-income earners had a capital gain in 2016, compared with just 70,635 people whose taxable income exceeded $180,000. The figures also show that middle-income earners made an average capital gains of $9,176, while the average capital gain for people on high incomes was $164,710.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY

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