Tax cuts in Australia

The Albanese Government has announced a gradual lowering of the 16% tax rate to 14% for income between $18,200 and $45,000. This increases the gap between the NZ and Australia, where we get taxed far more.

• At $50,000 you pay $2,406 less tax in Australia
• At $100,000 you pay $2,626 less tax in Australia
• At $150,000 you pay $3,076 less tax in Australia
• At $200,000 you pay $1,476 less tax in Australia

If you take account of our higher GST and the proportion of after tax income spent on GST goods and services, then it is:

• At $50,000 you pay $4,176 less tax in Australia
• At $100,000 you pay $5,979 less tax in Australia
• At $150,000 you pay $7,940 less tax in Australia
• At $200,000 you pay $7,941 less tax in Australia