If you wanted to address bracket creep, the Stage 3 tax cuts would be the worst way to do it.
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Off the Charts
Taxation data shows which occupations will get the biggest cuts - and how few people work in them
The post Members of Parliament among those who benefit the most from the Stage 3 cuts appeared first on The Australia Institute.
The end of the Low-Middle Income Tax Offset will deliver a tax increase of up to $1,500 for people earning under $90,000 - a 3% tax rise for someone on $50,000
The post Low and middle income earners about to be hit with a massive tax increase appeared first on The Australia Institute.
The Stage 3 tax cuts will only balance out the tax increase from the end of the low-middle income tax offset for those earning above $97,000
The post After the Stage 3 tax cuts only the top 10% highest paying occupations will be better off appeared first on The Australia Institute.
Australia's and Norway's economies both have massively profitable resource industries, but Norwegians receive a much larger and fairer share
The post Norway shows how Australia can get a fair return from oil and gas appeared first on The Australia Institute.
The Government acknowledges the need to get wages growing again, but the budget reveals just how big the task is
The post The Budget shows the big hole in Real Wages appeared first on The Australia Institute.
People around Australia have been seeing the advertised prices of rents increasing, now the inflation figures are catching up.
The post Rental prices are going up fast across Australia appeared first on The Australia Institute.
Right now the gas industry is booming, but the Petroleum Resource Rent Tax is not.
The post The Budget reveals the failure of the PRRT appeared first on The Australia Institute.