National's ACTUAL tax proposal 31 Aug. (not the spin).
Quote: “A couple, without children, earning üp to $120k PA” (ie $119,999 PA jointly or $60k each) would get an extra $100 per fortnight”.
It's actually only $60.76 /fn !! That's a $1020 pa “HOLE”. (Here's the maths.)
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $34,000 (to $48,000) @ 17.5% =$5950
Then $12,000 (to $60,000) @ 30% = $3600
Total Tax paid each =$11,020
National's, proposal
First $15,600 @ 10.5% =$1638
Then $37,900 (to $53,500) @ 17.5% = $6632
Then $6500 (to $60,000) @ 30% = $1950
Total Tax paid each =$10,220
ACTUAL SAVINGS =$800PA (each $30.76/fortnight) or $61.53/fn for a couple - NOT $100
“A superannuant couple ($22,869ea X 2) up to $26 boost “ It's ACTUALLY only $8.61 /fn !! That's a $452 pa “HOLE” !
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $8869 @ 17.5% =$1552
Total Tax paid each =$3022
National's, proposal
First $15,600 @ 10.5% =$1638
Then $7269 @ 17.5% = $1272
Total Tax paid each =$2910
ACTUAL SAVINGS =$112 PA (each $4.30/fortnight) or $8.61/fn for a couple. NOT $26.
When you think about the cuts (austerity) that will be needed. It's actually pretty underwhelming and insulting.
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
Do you think you know the answer?
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Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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53% Human-centred experience and communication
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14.6% Critical thinking
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29.6% Resilience and adaptability
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2.7% Other - I will share below!
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