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.
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.",
author = "Jinjing LI and LA, {Hai Anh} and Robert TANTON and Yogi VIDYATTAMA",
Canberra, Australia : University of Canberra, 2019. 8 p.
Research output: Book/Report › Other
TY - BOOK
T1 - How does the budget affect us
T2 - 2019
AU - LI, Jinjing
AU - LA, Hai Anh
AU - TANTON, Robert
AU - VIDYATTAMA, Yogi
PY - 2019
Y1 - 2019
N2 - 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.
AB - 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.