There’s the proposal to raise the top threshold of the 32.5 per cent tax bracket from $87,000 to $90,000, which will stave off bracket creep for one or two years.
Read the article at the Sydney Morning Herald.
Budget tax cuts promise to make substantial difference for many
The budget is littered with titbits mostly designed to garner political support. There’s the targeted, low and middle-income tax offsets which will provide relatively small tax cuts for those earning up to $125,000 per year.
