Published: April 17, 2019
Coalition plan to flatten tax brackets means more than half of the income tax cuts would go to the top 20%, modelling shows
High-income earners will receive at least $77bn from the Coalition’s 10-year income tax package, shrinking the proportion of the overall tax burden shouldered by the rich, according to a new analysis.
The Australia Institute modelling, released on Thursday, furthers the progressive thinktank’s argument that the Coalition’s flat tax policy is a “radical attack on Australia’s progressive tax system”, as its senior economist, Matt Grudnoff, summarised.
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