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Stage three tax cuts: How much you could gain each pay cycle?
Credit: Getty / Traceydee Photography. Inset:Appu Govindarajan
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The controversial stage three changes were passed by the Coalition in 2019 with the support of Labor and are due to come into force in mid-2024. The move will lower the 32.5 per cent and 37 per cent marginal tax rates to 30 per cent, at an expected cost to the public purse of more than $240 billion over 10 years. Govindarajan Appu, a columnist on economics, a certified public accountant and associated chartered accountant in Perth, explains more about it. Produced by Renuka
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