Under Labor that effect will be stronger still, as it plans to hike the top marginal tax rate to 47 per cent.
Read the full article at the Australian Financial Review.
Both tax plans hit the rich, says Deloitte
Claims the Coalition's planned income tax cuts are "unfair" have been slammed in a fresh analysis that shows four in five Australians will be better off while the top 20 per cent of adults will carry even more of the burden, which already sits just below a staggering 80 per cent.
