Tax Tuesday: Episode 4
For the final week of Tax Tuesday we discuss the Coalition’s personal income tax plan, approved by the Federal Parliament in Canberra last week. How much can lower and middle-income earners expect back in their 2018-19 tax return? What changes are being made to the tax brackets? How will high-income earners benefit when the 37% threshold is effectively removed (according to the plan) in 2024? And above all, how much public tax revenue will be lost with these tax law changes? Tess chatted with Dr David Bond, Senior Lecturer at UTS and Core Member of the Accounting Discipline Group- Centre for Business and Social Innovation.
Don’t forget that any donations over $2 that you make to 2ser are tax deductible! Every little bit helps.