The Albanese government is on track to collect far more personal income tax than expected this financial year, as higher‑than‑forecast inflation pushes workers into higher tax brackets. Treasury forecasts inflation of 3.75% for 2025–26. However, CPI has already risen 2.7% in the first six months, meaning the full‑year figure is likely to be higher. The Reserve
The post Bracket creep punishes workers, rewards waste appeared first on MacroBusiness.