Originally posted by rememdium
↑
The $7000 tax cut will allow me to pay down my debt faster. I will make sure it does not go back into the economy. Then once I get my home loan down lower I wil buy another home, thus making it harder for new buyers to enter the market.
Thanks Pauline.
Expand
Ahh yes! isn’t life at the top end great. The top 20% are laughing($7000 in cuts)
while the bottom 80% get around $10 a week.
The truth is that ABS statistics show that in 2010/11 around 80% of Australians received less
than $78,000. That will have changed in more recent years but it still gives an idea of the situation.
To get to $200,000 is an aspiration most likely have but the stats tell us that even with wage rises
most wont make it.
Table 2. PERCENTAGE DISTRIBUTION OF EARNERS, SELECTED WAGES AND SALARIES INCOME RANGES, AUSTRALIA, 2010-11
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
1
Region
$0 to less than $15 600(a)
$15 600 to less than $31 200
$31 200 to less than $52 000
$52 000 to less than $78 000
$78 000 and over
2
%[/SIZE][/B][/RIGHT]
%
%
%
%
3
4
New South Wales
17.7
17.1
25.0
20.5
19.7
5
Greater Sydney
16.9
16.3
24.0
21.2
21.7
6
Rest of NSW
19.3
18.8
27.0
19.0
15.8
7
Victoria
18.4
17.5
26.2
21.1
16.8
8
Greater Melbourne
17.6
16.9
25.7
21.7
18.2
9
Rest of Victoria
21.0
19.6
28.0
19.4
11.9
10
Queensland
18.1
17.3
26.5
21.0
17.0
11
Greater Brisbane
17.0
16.2
26.2
22.6
18.0
12
Rest of Queensland
19.2
18.4
26.9
19.5
16.0
13
South Australia
18.4
18.0
28.4
21.2
14.0
14
Greater Adelaide
17.5
17.5
28.4
21.9
14.7
15
Rest of South Australia
21.8
19.9
28.3
18.7
11.3
16
Western Australia
17.5
16.3
22.2
20.1
23.9
17
Greater Perth
17.2
16.0
22.2
20.8
23.8
18
Rest of WA
19.0
17.3
22.0
17.7
24.0
19
Tasmania
19.8
18.9
29.3
20.4
11.6
20
Greater Hobart
18.8
17.7
28.7
21.7
13.1
21
Rest of Tasmania
20.7
19.9
29.8
19.3
10.3
22
Northern Territory
14.3
15.0
24.1
25.6
21.1
23
Greater Darwin
12.8
14.5
23.8
26.8
22.0
24
Rest of NT
18.0
16.2
24.7
22.4
18.7
25
Australian Capital Territory
14.4
12.6
19.1
25.3
28.6
26
Australia(b)
18.1
17.2
25.4
20.9
18.5
http://www.abs.gov.au/ausstats/[email protected] /mf/5673.0.55.003