Australia has one of the weakest tax systems for redistribution among industrial nations – the Stage 3 tax cuts will make it worse
- Written by Jim Stanford, Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
ShutterstockOne of the chief purposes of government payments and taxes is to redistribute income, which is why tax rates are higher on taxpayers with higher incomes and payments tend to get directed to people on lower incomes.
Australia’s tax rates range from a low of zero cents in the dollar to a high of 45 cents, and payments including...
