Posted 2/27/2024, 11:05:07 AM
Senate Passes Reworked Tax Cuts Giving More Relief to Low and Middle Income Earners
- Passed Senate Reworked stage 3 tax cuts pass Senate, giving tax relief to Australians
- More relief for low/middle income Cuts give more relief to low- and middle-income earners, less to higher end
- Coalition supports but criticizes Coalition supports bill but criticizes Labor for breaking election promise
- Average worker saves $29/week Average worker to take home extra $29/week starting July 1
- Top rate now over $190k Top 45% tax rate now applied to those earning over $190k, up from $180k