NATSEM research shows low-income couples with children to bear brunt of Abbott Government's budget
Quotes from the above article:
"Low-income couples with children and single parents will bear the brunt of the Abbott Government's first budget, losing up to 15 per cent of their disposable income when the measures hit in full, according to independent modelling."
The NATSEM research found that the temporary 2 per cent income tax increase for the nation's top earners, to pay off the nation's debt, would have a "token impact".
"If you're on $200,000 ... your impact would be around $400 per year, and that compares to a single-earner family ... who may be losing $3,000 to $4,000 per year by 2017-18, so [there is] a dramatic difference," Mr Phillips said."
End of quotes.
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