Tax gamble hits most workers

Original article by Paul Kelly
The Australian – Page: 1 & 4 : 15-Apr-19

The Coalition has released data which suggests that low- and middle-income earners will be better off under the government’s tax policy than that of Labor. The tables indicate that people with annual income of $80,000 in 2024-25 will be $875 a year better off under the government rather than Labor; this rises to $2,125 a yearly for those who earn $100,000 and $5,705 a year for those whose income is $140,000. The figures are based on expectations that all three stages of the government’s tax cuts will be passed, reducing the marginal tax rate for the average worker to 30 per cent. Labor opposes the second and third stages of the tax cuts.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

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