Stage 3 Tax Cut Changes

25 Jan 2024

Written by

David Busoli, Principal

As there will be much emotive media comment on the Government’s decision to make changes to the stage 3 Tax Cuts, I thought it might be useful to show what this means to the numbers for the next financial year.

Annual IncomeMorrison Stage 3Albanese Stage 3
$20,000$0$54
$40,000$0$654
$50,000$125$929
$60,000$375$1,179
$70,000$625$1,429
$80,000$875$1,679
$90,000$1,125$1,929
$100,000$1,375$2,179
$120,000$1,875$2,679
$140,000$3,275$3,729
$150,000$3,975$3,729
$160,000$4,675$3,729
$180,000$6,075$3,729
$200,000$9,075$4,529

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