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"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
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