Blogotariat

Oz Blog News Commentary

Aussie income tax to soar on bracket creep

December 9, 2022 - 12:00 -- Admin

The Parliamentary Budget Office (PBO has forecast that the average personal income tax rate will rise to 26.4% in 2032-33, compared with 23.7% in 2021-22. The ‘Beyond the Budget’ report shows that personal income tax revenue is expected to rise to half a trillion dollars in 2032-33 and account for 50% of federal government revenue.

The post Aussie income tax to soar on bracket creep appeared first on MacroBusiness.