Highest earners to get lion’s share of Coalition tax cuts

Monday 28 May 2018

Last week it was revealed that the Federal Government’s three-stage personal income tax package will cost $144 billion in total over a decade, with the first two stages to cost $102 billion.

The Australia Institute (TAI) also estimated earlier this month that “62% of tax cuts benefits go to highest income earners”, whereas “just 7% of the benefit goes to the 30% of Australians on the lowest wages”:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.