Millions face higher tax brackets

Taxpayers will be slugged at least $32.5bn more a year in next decade.

Individual taxpayers will be slugged at least $32.5 billion more a year and the number of people in the top two tax brackets will double to 4.6 million over the next decade unless there is a new round of personal income tax cuts.

Analysis carried out exclusively for The Australian by the University of Canberra National Centre for Social and Economic Modelling underlines the urgent need for tax reform.


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