Where’s the middle (income)?
As pressure builds for the Albanese government to scrap the promised Stage Three tax cuts, discussion has shifted around who would lose out. The Australian said it would mean “2.5 million middle income Australians will pay thousands of dollars in additional tax,” but describes middle income Australians as individuals earning between $120,000 and $160,000 a year. If that sounds wrong, it’s because it is.
This was recorded on Tuesday 11th October 2022 and things may have changed since recording.
The Australia Institute // @theausinstitute
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Guests:
Matt Grudnoff, Senior Economist, the Australia Institute // @MattGrudnoff
Eliza Littleton, Research Economist, the Australia Institute // @ElizaLittleton
Producer: Jennifer Macey // @jennifermacey
Edited by: Emily Perkins
Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
What have the scientists ever done for us?
Australian scientific discoveries have improved people’s lives and made the economy more productive – so why is the CSIRO being forced to shed workers again?
As the US chooses destruction over diplomacy in Iran, Australia has to decide between principle and prostration
Australia, like Little Sir Echo, whimpers after the world’s premier bully bombs the ‘bully of the Middle East’.
Negative gearing is back, baby!
Positive gearing is so FY21-22.