gina rinehart tells whingers: get out of the p, page-28

Key facts

The tax free threshold will be increased more than threefold, from $6,000 to $18,200, freeing up to one million low-income earners from needing to lodge a tax return from 2012-13.
A higher statutory tax free threshold means better interactions with the transfer system and builds on the reforms the Government introduced in the Budget, which mean more cash in people's take home pay from week to week and more immediate and direct returns to work.
The LITO will be reduced from $1,500 to $445, with the benefit being reflected in the new tax free threshold.
The combined effect of the higher statutory tax free threshold and the LITO is that the effective tax free threshold will rise to $20,542. This means that individuals can earn up to $20,542 from 2012-13 without paying any net income tax.
All taxpayers below $80,000 receive a tax cut from 1 July 2012, with most getting a cut of at least $300. This means around 60 per cent of all taxpayers will receive a tax cut of at least $300 and no one will be required to pay more income tax.
In 2015-16, the tax free threshold will increase by a further $1,200 to $19,400 so that those earning up to $68,000 will receive a tax cut of around $385 per year from 2015-16 compared to 2011-12. The effective tax free threshold applying to individuals will rise to $20,979 and an additional 100,000 people will be freed from having to lodge a tax return.
The pensioner tax offset will be rolled into the more generous senior Australians tax offset to create a single seniors and pensioners tax offset, further reducing complexity in the tax system.

http://www.futuretax.gov.au/content/Content.aspx?doc=FactSheets/personal_tax_system.htm