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An interactive budget that shows alternatives to planned tax cuts

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Economic challenges make it hard to see how the Australian government can hold on to the previous government’s planned stage three tax cuts which create a flat tax rate of 30 cents in the dollar for anyone earning between $40,000 and $200,000. These cuts abolish an entire rung of Australia’s progressive income tax ladder.

What if they were scrapped and there was an extra $243bn in the budget over the next 10 years? 

The Guardian has produced an interactive budget for you to see how far $243bn can go:

www.theguardian.com/australia-news/datablog/ng-interactive/2022/aug/26/scrapping-stage-three-3-tax-cuts-would-save-243bn-how-would-you-spend-it-calculator-interactive



What do you think?


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Comments
IdeaSpies @ 2022.08.30 4:42 AM

Alternative ways to spend the tax cut money by Georgie Dent:

-Delivering a wage increase to early educators ($10b)

- Free Preschool for all kids 3-5 ($4b)

- Fairer early education in Indigenous communities ($200m)

- Increase parenting payments ($39b)



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