Anthony Albanese has come under fire after breaking an election promise to uphold the stage 3 tax cuts legislated some years ago.
Under these new tax changes people earning over $180,000 in the top tax bracket who would have received around a $9000 reduction on their tax return, would get around a $4000 reduction instead.
It also adds back in another 37% tax bracket which had been eliminated to ameliorate bracket creep.
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