How does the budget affect us: 2019

Jinjing LI; Hai Anh LA; Robert TANTON; Yogi VIDYATTAMA

How does the budget affect us: 2019

Jinjing LI, Hai Anh LA, Robert TANTON, Yogi VIDYATTAMA

Institute for Governance & Policy Analysis

Research output: Book/Report › Other

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
Place of Publication	Canberra, Australia
Publisher	University of Canberra
Number of pages	8
Publication status	Published - 2019

Access to Document

https://stinmod.canberra.edu.au/research/budget/brochure/brochure2019/NATSEM-2019-budget-brochure.pdf

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title = "How does the budget affect us: 2019",

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.",

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year = "2019",

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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.

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BT - How does the budget affect us

PB - University of Canberra

CY - Canberra, Australia

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