Talk about cages, how dumb are some Australian Senate crumbs?
Largest income tax cuts in Australian history pass the Senate
By Eryk Bagshaw 21 June 2018 — 1:36pm
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Over four years, taxpayers earning up to $125,333 a year will get a $530 bonus after filing their tax return. This offset will indefinitely increase to $645 a year from 2022, but only for taxpayers earning up to $67,000 a year.
The final stage is targeted at high income earners, raising the threshold for the 45 per cent marginal tax rate from $180,001 to $200,001 from July 1 2024.
Labor and the Greens argued against the package, warning it would lock future governments into unprecedented tax cuts that would not come into force until another two elections had taken place.