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I thought he had it for sure tbh but then the German lifted a gear out if nowhere.Such a shame Hiji went out in 5.
Yeah but its all about perspective tho. The $1500 is long gone- you dont need to compare the new tax cuts to that.But someone on that income will get no relief. That person will lose an offset of $1,275 in return for a tax cut of zero. Someone on a higher wage of $50,000 will lose $1,500 in order to gain $125, and someone earning the typical full-time wage of $85,000 will have to lose $1,500 to gain just $1,000.
That's right, a typical full-time worker will get relief of $1,000 from the stage 3 tax cuts in return for losing the axed tax offset of $1,500.
Much higher earners will do much, much better. An Australian earning twice as much as is typical — $190,000 — will get $7,500. An Australian earning a bit more than that again — $200,000 — will get $9,000.
lol.