Fake Labor supports Coalition’s high income tax cuts

Amazingly, Labor will not make changes to the stage three income tax cuts if it wins the upcoming federal election.

The legislated tax cuts are due to take effect as from 1 July 2024 and will see a 30% tax rate applied to all income between $45,000 and $200,000, while the 37% tax rate will be abolished.

It has been estimated the tax cuts will cost $137 billion between the date of their implementation and the end of the decade.

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