Briefing paper

High income earners get almost the entire benefit of stage 3 of the governments tax plan

21 Jun 2018
Description

Key findings:

  • New analysis shows 94.9% of the benefit of stage 3 income tax cuts go exclusively to top 20%, while 75% of taxpayers get no benefit at all.
  • The top 10% of income earners receive 68.6% and the next 10% receive 26.2% of the benefit.
  • The total cost of Stage 3 to the Budget when implemented in 2024-25 is $6.3 billion, and $42 billion over the first five years of implementation.
Publication Details
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License Type: 
All Rights Reserved
Published year only: 
2018
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