Budget tax cuts promise to make substantial difference for many
The budget is littered with titbits mostly designed to garner political support. There’s the targeted, low and middle-income tax offsets which will provide relatively small tax cuts for those earning up to $125,000 per year.
There’s the proposal to raise the top threshold of the 32.5 per cent tax bracket from $87,000 to $90,000, which will stave off bracket creep for one or two years.
Read the article at the Sydney Morning Herald.