marginal tax rate

Blokes are the biggest winners under income tax cuts Anthony Albanese will hand out next year, and the Greens claim the cost is set to blow a $313 billion black hole in the budget.The reason is simple – the gender pay gap means that men…

Jim Chalmers has conceded wealthier Australians will benefit the most from the stage three tax cuts but suggested the policy will protect people on lower incomes from bracket creep.The Albanese government has not made any changes to the…

High income workers earning $200,000 a year are set to score a $9,000 tax cut next year, but you wouldn’t know it if you read the budget papers.The giant secret in the budget was the $69 billion that Treasurer Jim Chalmers is set to shovel…

It’s the dirty little secret buried in the Prime Minister Anthony Albanese’s media blitz over cost of living relief in the budget.While the budget plans to dish out $14 billion in cost of living relief for families, the rich will still…

Labor would set a dangerous precedent by creating two classes of welfare recipients if it increases JobSeeker only for Australians aged over 55, a leading economist has warned.Grattan Institute chief executive officer Danielle Wood said she…

Government spending needs to be drastically cut and taxes will have to rise to prevent a “persistent structural deficit” which could see Australia’s bottom line sink by around $70 billion a year. A respected think tank has said there are…

Anthony Albanese is facing fresh calls to dump a scheduled tax cut for the wealthy, with a key crossbencher claiming the public won’t care if he breaks a promise to keep them. Jacqui Lambie, who holds a crucial balance of power vote in the…

Origin Energy is offering five hours of free electricity every day to EV owners – but there’s a catch.You either have to take out a weekly subscription for an EV through the energy supplier starting at $244 per week for someone on the 37…

Senate kingmaker David Pocock has called for the contentious “stage 3” tax cuts to be revisited after Labor announced it would pare back superannuation tax concessions.The Albanese government has reignited debate over tax reform after last…

Anthony Albanese is under renewed pressure to scrap a tax cut which would predominantly benefit the wealthiest Australians.The Greens, emboldened by the International Monetary Fund’s suggestion the government should re-evaluate the stage…