alphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 11 months agoAustralian PM hints at cost-of-living relief for low and middle-income earnerswww.smh.com.auexternal-linkmessage-square8fedilinkarrow-up156arrow-down12
arrow-up154arrow-down1external-linkAustralian PM hints at cost-of-living relief for low and middle-income earnerswww.smh.com.aualphacyberranger@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square8fedilink
minus-squaredanl@lemmy.worldlinkfedilinkEnglisharrow-up6·11 months agoThis article’s a week old. The relief has been announced in tax bracket adjustments that roll back the Stage 3 cuts that were essentially going to remove the third bracket (primarily benefiting those earning >$135,000) ABC story What are the new stage 3 tax cut brackets? Here’s how the proposed plan looks at a glance: Earn up to $18,200 – pay no tax Pay a 16 per cent tax rate on each dollar earned between $18,201-$45,000 Pay a 30 per cent tax rate on each dollar earned between $45,001-$135,000 Pay a 37 per cent tax rate on each dollar earned between $135,001 — $190,000 Pay a 45 per cent tax rate on each dollar earned above $190,000 What were they going to be? Here’s what the previous plan looked like at a glance: Earn up to $18,200 – pay no tax Pay a 19 per cent tax rate on each dollar earned between $18,201-$45,000 Pay a 30 per cent tax rate on each dollar earned between $45,001-$200,000 Pay a 45 per cent tax rate on each dollar earned above $200,000
This article’s a week old. The relief has been announced in tax bracket adjustments that roll back the Stage 3 cuts that were essentially going to remove the third bracket (primarily benefiting those earning >$135,000)
ABC story