Australia Institute modelling shows top 20% of taxpayers get 80% of benefit of final two stages

The final stages of the Turnbull government’s plan to dramatically flatten Australia’s income tax scales will provide a multibillion-dollar boon to the top 20% of income earners, and they deserve further scrutiny by parliament, a progressive thinktank says.

The Australia Institute has produced new modelling of the most expensive elements of the government’s income tax plan, saying the Senate needs to understand how skewed they are towards richer households.

Continue reading…

Read More Richest taxpayers get .7bn windfall from Coalition plan, thinktank says

Facebook Comments