Abstract
Given the wide range of tax changes and the energy payment, nearly 85% of families (income units) will be affected by at least one measure of the tax and transfer policy changes, and nearly 90% of the population. Overall, the new measures in the budget - Favour middle and mid-high income families before 2020-21 due to the income requirement of the LMITO. - Favour mid-high income earners from 2022-23 onwards due to the reduced tax rate at mid- and high- thresholds.
Original language | English |
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Place of Publication | Canberra, Australia |
Publisher | University of Canberra |
Number of pages | 8 |
Publication status | Published - 2019 |