OF COURSE HE DOES - never said the Liberals should take this changes to an election
LIBERALS INCREASED TAX GRAB
The low and middle income offset, paid as a refund once people complete their tax returns at a maximum rate of $1080 for people who earn between $48,000 and $90,000 The end of the offset will also increase the effective marginal tax rate for those on $40,000 a year, just above the minimum wage, from 18.5 per cent to 26 per cent.
The planned Liberal stage 3 tax cuts people earning less than $88,000 would have paid more in tax than 2022-23 financial year.
By contrast, a person earning $250,000 would have paid $9075 less in tax in 2024-25 compared to the 2020-21 financial year.
A person on $80,000 will this year earn a net income of $63,013. Next year, without a tax cut, this will fall to $61,933 and remain there until 2024-25 when their take-home pay will increase to $62,808.
LIBERAL INCREASED TAX GRAB
2012 Gillard govt introduced division 293 the threshold was $300,000.
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2016 Coalition dropped it to $250,000 making $27,500 concessional super contributions pay up to $4125 additional tax per year.
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LIBERAL TAX INCREASED GRAB
Abbott โunfrozeโ the fuel excise tax originally โfrozenโ by Howard.
Australians have been paying higher fuel prices for 11 years due to Abbott unfreezing the tax and legislating twice yearly increases
LIBERALS CUTTING WAGES
Liberal cut penalty rates ensuring our lowest paid workers got paid less.
Destroying any hope of buying a home
Making it harder to pay rent
Making it harder to put food on the table
LIBERALS MAKING WORKERS POORER IN RETIREMENT
Liberal kept superannuation guarantee at 9.50% from 2015 โ 2021 ensuring more workers would live in poverty in retirement