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The Government Is Trying To Pretend It’s Not Giving Rich Australians A Massive Tax Cut

Yesterday, Prime Minister Scott Morrison was asked how his government’s planned tax cuts would affect Australians on high incomes. “We haven’t changed anything for those earning on the top tax rate,” was his response. Trouble is, that’s not quite true. The government’s own budget papers show that people earning more than $200,000 will be getting an income tax cut of around $11,000 a year from 2024, when the Coalition’s full tax plan is in place. That adds up — a few weeks ago, The Australia Institute released modelling suggesting that over ten years, the government will spend $77 billion on tax cuts for Australians earning more than $180,000. Scott Morrison and friends, however,...