In doing so it has thrown its support behind the most inequitable tax cuts in Australia’s history, effectively putting an end to progressive taxation in this country. But the decision to support the stage-three tax cuts means the ALP now believes increasing inequality is a price it must pay if it wants to win government. Essentially the stage-three tax cuts are about flattening the income tax rate to 30% for everyone earning between $45,000 and $200,000. In 2018-19, according to the Australian Taxation Office, the median income for a nurse was $69,391 and $73,730 for a primary school teacher. The stage-three tax cuts are terrible policy and not even good politics, but they are alas, our future.

Source: The Guardian July 27, 2021 00:56 UTC