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.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles