|
此文章由 patstep 原创或转贴,不代表本站立场和观点,版权归 oursteps.com.au 和作者 patstep 所有!转贴必须注明作者、出处和本声明,并保持内容完整
'Most comprehensive reform of personal income tax in a generation'
Prime Minister Malcolm Turnbull is holding a celebratory press conference with Treasurer Scott Morrison and Finance Minister Mathias Cormann.
Turnbull says the changes are "the most comprehensive reform of personal income tax in a generation".
He says a family with two working parents on middle-income jobs will have more than $1000 returned to them in the next financial year.
He also emphasises that the wealthy will pay a larger share of income tax revenue.
"It is fair. It rewards and encourages enterprise, it encourages and enables aspiration," the PM says.
Cormann, the government's chief negotiator in the Senate, congratulates the crossbenchers for backing the tax cuts.
"I am very grateful to all those senators who have decided to support the government's plan in the Senate today. This was all for working families across Australia. This was all about making sure that families around Australia have the best possible opportunity to get ahead," he says.
What this means
Here's a summary of the changes, courtesy of the Parliamentary Budget Office:
•Component 1 increases the upper threshold for the 32.5 per cent marginal tax rate from $87,000 to $90,000 from 1 July 2018.
•Component 2 introduces the Low and Middle Income Tax Offset of up to $530 for individuals with taxable income up to $125,333 for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years.
•Component 3 increases the upper threshold for the 32.5 per cent marginal tax rate from $90,000 to $120,000 from 1 July 2022.
•Component 4 increases the upper threshold for the 19 per cent marginal tax rate from $37,000 to $41,000 from 1 July 2022.
•Component 5 increases the Low Income Tax Offset to up to $645 for taxable incomes up to $66,667 from 1 July 2022.
•Component 6 increases the lower threshold for the 45 per cent marginal tax rate from $180,001 to $200,001 from 1 July 2024.
•Component 7 removes the 37 per cent marginal tax rate, so that all income from $41,001 to $200,000 is taxed at a marginal rate of 32.5 per cent from 1 July 2024.
|
|