What the income tax cuts mean to you

Paul Osborne
(Australian Associated Press)

 

STAGE TWO INCOME TAX CUTS

TAXABLE INCOME (TAX SAVING IN 2020/21)

$40,000 ($1,060)

$60,000 ($2,160)

$80,000 ($2,160)

$100,000 ($2,445)

$120,000 ($2,745)

$140,000 ($2,565)

$160,000 ($2,565)

$180,000 ($2,565)

$200,000 ($2,565)

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