The Labor government's dramatic redesign of the Stage 3 tax cuts has been accused of "pitting one Australian against the other" – and it's clear that there will be winners and losers. Under the proposed changes, everyone with a taxable income below $146,486 will receive a larger tax cut than under the original plan, while top income earners will walk away with much less than promised. But which neighbourhoods, occupations and age groups are more likely to win or lose from the revised plan? We've delved into the data to find out how different parts of Australia compare. Australia's youngest workers are the most likely to benefit from the proposed changes, with Generation Z recording the largest share of workers set to receive bigger returns under the new plan. In the 2021 financial year, about 99 per cent of Gen Z's 1.9 million workers had taxable incomes below $150,000, according to While $150,000 is slightly above the $146,486 threshold for determining who will benefit under the new plan compared to the original, this is the closest we can get using these statistics
The Labor government's dramatic redesign of the Stage 3 tax cuts has been accused of "pitting one Australian against the other" – and it's clear that there will be winners and losers. Under the proposed changes , everyone with a taxable income below $146,486 will receive a larger tax cut than under the original plan, while top income earners will walk away with much less than promised.
But which neighbourhoods, occupations and age groups are more likely to win or lose from the revised plan? We've delved into the data to find out how different parts of Australia compare. Australia's youngest workers are the most likely to benefit from the proposed changes, with Generation Z recording the largest share of workers set to receive bigger returns under the new plan. In the 2021 financial year, about 99 per cent of Gen Z's 1.9 million workers had taxable incomes below $150,000, according to While $150,000 is slightly above the $146,486 threshold for determining who will benefit under the new plan compared to the original, this is the closest we can get using these statistic
Labor Government Tax Cuts Australians Winners Losers Proposed Changes Taxable Income Neighbourhoods Occupations Age Groups Generation Z Financial Year
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