Jun 22, 2018
Welcome to Furious Friday… The Tax Bill has Passed…Yay!
Now, let’s clear up a little misconception floating around, we’re going to talk about the Robocall that was made to a lot of Queenslanders.
I wasn’t “lucky” enough to get one of these calls, but I can just imagine it was the same voice that does all the smear campaigns. It said:
"Right now, in Canberra, Pauline Hanson plans to vote with Malcolm Turnbull to give another tax cut to the top end of town. She's even giving herself a massive tax cut. But it's not too late for us to stop her. Pauline is in Canberra right now – the final vote could happen at any minute. Press one to be connected direct to Pauline Hanson's office to tell her yourself: Stop selling Queenslanders out."
Questions of the day:
The plan is a 6-year rollout, aimed at reducing the burden on the full-time workers in Australia due to the progressive tax policy.
Here's a summary of the changes, courtesy of the Parliamentary Budget Office:
1 July 2018
1 July 2022*
1 July 2024
Who will receive this reduction in tax? Let’s look at the stats
The Verdict:
Back to the questions
The real benefit:
I hope this clears things up!
Have a great weekend
*Yo, I said “2020” on the podcast, but I meant “2022”. Sorry!