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READ MOREAnalysis shows federal politicians will pocket more than $18m over 10 years from stage three tax cuts
ederal politicians will pocket more than $18m over the next decade from the stage three tax cuts, with an immediate $2m boost to the pay packets of all 227 MPs and senators from 2024.
As parliament resumes on Monday for three days of sitting before budget week, the Greens have released new modelling from the parliamentary budget office that outlines the benefits set to flow to MPs as a result of the already legislated tax cuts.
The modelling shows that 227 parliamentarians, all of whom earn a base annual salary of at least $211,250, stand to benefit from an average tax cut of about $10,000 once the third stage of the package comes into effect from 2024-25, totalling $3.9m over the forward estimates and $18.6m over the decade.
Read more at The Guardian
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