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Lifetime Tax (post budget update)
Tax threshold changes reduce lifetime tax by $80k /10 monthsThe tax threshold changes in last month’s budget will see the largest relative tax savings go to those who already shoulder the smallest relative burden: middle-income earners. That's the conclusion of Mac Mckenna's latest report - updating the "Lifetime...
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Total Lifetime Tax
As Steven Joyce prepares to deliver his first budget on Thursday, the Taxpayers’ Union can reveal that the average household pays $1.48 million in tax over a lifetime - equivalent to 15 years of earnings.In a paper published today, the Taxpayers’ Union reveals:Over a lifetime, an average household...
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