Senate debates

Thursday, 21 June 2018

Questions without Notice

Income Tax

2:01 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

As I've advised the chamber now on a number of occasions, the value of the tax cut for somebody earning $90,000, which the Senate has just legislated, is 2.9 per cent for every year over the next four years. It is 0.2 per cent every year over the next four years for somebody earning $200,000.

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