The stage 3 tax cuts are expected to cost billions in lost tax revenue when they’re introduced in July 2024. They’re backed by both the Liberal Nationals and Australian Labor Party, who say they’ll deliver savings for tax payers and will help deal with issues like bracket creep. However, some say the money could be spent elsewhere. But how exactly do they work? How do they impact low, middle and high income earners, and are they fair? ABC Reporter Michael Janda explains. Subscribe: [ Ссылка ]
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