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this is a FOI from Bandt and relates only to the Morrison s3tc....

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Scott th Ratbag

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03/02/24

12:20

Post #: 72219130
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Originally posted by DrStrangelove: ↑

For those actually interested in the original Stage 3 analysis. The reasoning and projections are included in the paper.

https://www.pbo.gov.au/sites/default/files/2023-03/Stage%203%20tax%20cuts%20distributional%20analysis%20updated%20PDF.pdf

Summary of request:
The request sought estimated financial implications and distributional analysis of Stage 3 of the
personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and
the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal
Income Tax Plan over the medium term. The Stage 3 tax cuts take effect from 1 July 2024 and
involve:
• removing the $120,000 to $180,000 tax bracket
• increasing the top tax bracket threshold from $180,000 to $200,000
• reducing the marginal tax rate faced by the $45,000 to $200,000 tax bracket from 32.5% to 30%.
The distributional analyses sought the aggregate change in tax paid for taxpayers affected by the
Stage 3 tax cuts split by:
• taxable income quintiles
• gender
• the following taxable income brackets:
– Less than $45,000
– $45,001 to $60,000
– $60,001 to $90,000
– $90,001 to $120,000
– $120,001 to $150,000
– $150,001 to $180,000
– Greater than $180,000.
• taxable income for the top percentile of taxpayers
• the proportion of income earners at the bottom of the distribution that receive the same
aggregate dollar benefit as the top percentile

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this is a FOI from Bandt and relates only to the Morrison s3tc.

nothing at all to do with the current intention of alteration.
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this is a FOI from Bandt and relates only to the Morrison s3tc....

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this is a FOI from Bandt and relates only to the Morrison s3tc....

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