Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The government's comprehensive personal income tax reform plan will, in the first instance, see Australians on lower and middle incomes—over 10 million in fact—getting a tax refund and over four million will get the full $530. And then, when the reform is complete, the marginal tax rate will be 32½c, from $41,000 all the way up to $200,000. What does that say to aspiration? What does that say to people who want to get a better job, who want to get a promotion or who want to work some more hours? It means that they will not be paying more and more tax with every extra dollar they earn.

I would say to the honourable member who asked the question: the person on $41,000 has aspirations to earn more, to do better, to get ahead. They want to do better.

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