#stage3taxcuts — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #stage3taxcuts, aggregated by home.social.
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Every time politicians and media commentators start talking about “serious economic reform”, ordinary Australians somehow end up paying more, working longer, and getting fewer services, while big corporations and wealthy investors walk away with another tax break. Hmmm it’s unusual that “shared sacrifice” nearly always flows in one direction. Australians are told to tighten belts while corporate profits and executive bonuses keep soaring.
#auspol #australia #inequality #budget #Budget2026 #costofliving #stage3taxcuts #workersrights #economics #politics #corporategreed
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Every time politicians and media commentators start talking about “serious economic reform”, ordinary Australians somehow end up paying more, working longer, and getting fewer services, while big corporations and wealthy investors walk away with another tax break. Hmmm it’s unusual that “shared sacrifice” nearly always flows in one direction. Australians are told to tighten belts while corporate profits and executive bonuses keep soaring.
#auspol #australia #inequality #budget #Budget2026 #costofliving #stage3taxcuts #workersrights #economics #politics #corporategreed
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The tax cuts, passed by the Morrison government in mid-2019 with Labor support after it failed to split the bill, begin in July 2024.
They remove the $120,000 to $180,000 tax bracket, increase the top tax bracket to $200,000 and reduce the marginal rate of tax for everyone earning between $45,000 and $200,000 to 30%.
So basically, a tax cut for the wealthy (politicians)
32 billion dollars a year of our tax money into pockets of those who least need it..