The Guardian Australia
·general
·2 hours ago
Budget introduces $250 tax offset for wage earners as capital gains inequality
Australia's budget introduces modest tax reforms to address wage earner inequality, with the new $250 working tax offset targeting salary income only. Treasury research shows the richest 1% benefit nearly 60 times more from capital gains discounts and negative gearing than median earners, while private sector wage growth dropped to 3.2% annually, below the 4.6% inflation.
Summary by Glance · The Guardian Australia
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