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DrStrangelove

15,198 Posts.

05/02/24

16:33

Post #: 72246154
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Originally posted by kingy: ↑

Treasury analysis showed that 84 per cent of taxpayers would be better off under the changes in 2024-25, but the Coalition has argued the changes would leave 4 million taxpayers worse off over the next decade.
However, new Grattan Institute analysis shows that roughly the same proportion of taxpayers, or 83 per cent, would remain better off during the decade to 2033-34.
The think tank’s economic policy program director, Brendan Coates, said a typical taxpayer with a taxable income of $59,000 in the next financial year and someone on the average taxable income of $79,000 can both expect to pay $8040 less in tax over the next 10 years.

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Wasn't the original intent to bolster the all important middle class? Even the ALP realised after decades in the wilderness that the middle class are the pivot for economic and social stability.

As Malcolm K,gari once paraphrased of George Bernard Shaw: 'life wasn't mean to be easy'...
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