SNIPPETS # 43: 'Lower Incomers Hit in Budget'

SNIPPETS #43

SNIPPETS is published in the National Interest. No action should be implied or inferred. The opinions expressed remain those of the author entirely.

p.57 Brisbane Courier-Mail 18th Mai 2014: 'Low income people hit, imbalances ignored' by Noel Whittaker:

“The [Federal] Budget was harsh on lower-income earners. They may lose Family Tax Benefits of $3,000 per year for life. The Budget did not address the fact that 61% of income tax is paid by just 11% of Australians, while our fastest growing group is the over-65s, 85% of whom pay no income tax whatsoever. This is obviously unsustainable”.  

[emphasis ours]