Sunday, 8 June 2014

SNIPPETS # 43: 'Lower Incomers Hit in Budget'

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]

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