Depressionberg readies trickle nowhere tax cuts

Stupid tax cuts, via The Guardian:

There has been some talk that the “stage 2” tax cuts are good because they assist those on low and middle incomes.

They do, but the gains from increasing the maximum low-income tax offset, and the 19% personal income tax bracket from $37,000 to $41,000 are all offset by the removal of the current low and middle income tax offset.

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