Normal
That doesn't make any difference. Thanks to idiots like Abbott they still pay tax on their super contributions and they still pay consumption taxes.Stage 1, 2 and 3 tax cuts are all about responding to increased price of goods and services and thus, the increased GST that comes with them.That's why the adjustments are being made. People on low incomes spend more % of their income on GST than high income earners and inflation makes that problem irreversibly worse.So yeah, Labor is breaking an election promise which they clearly decided is the lesser of two evils.I'll personally lose out if these changes go through but so be it if it helps those who are struggling because the Govt was too late with tax cuts.They could have easily stayed with the Morrison era petrol excise cuts...
That doesn't make any difference. Thanks to idiots like Abbott they still pay tax on their super contributions and they still pay consumption taxes.
Stage 1, 2 and 3 tax cuts are all about responding to increased price of goods and services and thus, the increased GST that comes with them.
That's why the adjustments are being made. People on low incomes spend more % of their income on GST than high income earners and inflation makes that problem irreversibly worse.
So yeah, Labor is breaking an election promise which they clearly decided is the lesser of two evils.
I'll personally lose out if these changes go through but so be it if it helps those who are struggling because the Govt was too late with tax cuts.
They could have easily stayed with the Morrison era petrol excise cuts...
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