The current deal costs Australians billions more than it should if we were fairly sharing money around the country. It’s not too late to have your say.
- Visiting Fellow, Economics (modelling), Australian National University
Up to 14% of what renters paid for housing in the past decade could have been due to taxes that don’t apply to owner-occupied homes, new estimates show.
The debate over taxing super balances above $3 million misses the point. Broader reforms are needed to make super sustainable in the long run.
Bracket creep means the average tax rate will increase by about 4% over the next decade. But a low wage earner on $45,000 will see a jump of almost 7%.
If the government had spent half as much on economic support but delivered it to the right places, inflation and interest rates could have been 2% lower.
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