Unfinished business

by

Ed.

From johnmenadue.com: Labor’s 2024 tax reforms have not improved the position of low-income workers, who remain worse off compared to when Labor took office in 2022.

The changes predominantly favour middle-income earners, with higher taxes impacting those on lower incomes significantly, which has compounded the challenges of inflation and cost of living.

To enhance fairness in the tax system, the author suggests that Labor should consider incremental adjustments to the Low Income Tax Offset.


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