Tax cuts, energy bill relief and an increase in the minimum wage are among the raft of mid-year changes set to kick in for Australians. Every taxpayer will keep a little more of what they earn from Monday as the long-planned stage three tax cuts kick in with a combination of other measures designed to alleviate the cost-of-living crisis.
Unions had pushed for a bigger hike while business groups argued for smaller wage increases, claiming they could not afford rising costs. The tax cuts close out a series of adjustments designed by the Morrison government in 2018 and there are already calls for more changes to avoid the bracket creep that over time pushes tax bills higher again. The lowest tax rate, for people earning $45,000 or less, will drop from 19 per cent to 16 per cent. The 32.
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