q an a, page-84

  1. 3,701 Posts.
    lightbulb Created with Sketch. 176
    123
    "Current tax free threshold is $6000.
    New tax free threshold is $18,000.

    How simple is that . Really how simple is it."

    If only it was that simple. You statement is deceptive and misleading.

    You cannot ignore the Low income offset.

    The facts are today at $16000 you pay no tax and next year this moves to 18200. The low income tax threshold reduces from a max of 1500 to 445. Income tax rates between 18200 and 80000 rise for all tax payers.

    The net is most people will get around $350 savings per year.

    The max you can get $668 if you earn exactly $20452
    Above and below this number the saving scale off quickly towards the $350 amount.

    These are the facts and can easily be obtained using google


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.