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Singles on low and middle incomes will get tax cuts to help them with the expected increase in living costs. Some low-income households might not receive enough assistance through tax cuts or Government payments to offset their average expected cost impact under a carbon price. These households will be able to apply for an annual, tax-exempt Low Income Supplement of $300.
The Government will introduce legislation to ensure that those Australians that need help the most, particularly pensioners and low and middle income households, will get assistance to help manage increases in the cost of living from the carbon price. On average, households will see cost increases of $9.90 per week, while the average assistance will be $10.10 per week.
From 1 July 2012, all taxpayers with incomes of up to $80,000 will get a tax cut, with most receiving at least $300 per year. This means around 60 per cent of taxpayers will get a tax cut of at least $300. No one will pay more income tax as a result of the carbon price package.
Treasury estimates for the average Australian household electricity will rise by $3.30 per week, gas by $1.50, and food by 80 cents under the carbon price.
Originally posted by daaskapital
The Government's planning is flawed
Originally posted by VoidHawk
Originally posted by daaskapital
The Government's planning is flawed
No it isn't, its exactly what they've always intended.
Just imagine the entire population of the world paying money into your bank account!!
Nope, not flawed at all.
Originally posted by bluemirage5
reply to post by daaskapital
The one thing I hate about Australians.....they're too damn lazy to get off their butts and stand up against the politicians; it's all about footy and beer but when big issues arise in this country, they run and hide!
Originally posted by bluemirage5
reply to post by daaskapital
Not much of a turnout for Australians in support of the anti-carbon tax drives so Australians only have themselves to blame considering they made little or no fuss. Now we're all going to have to live with it and from here on in alot of whining from those who never bothered to support the anti-carbon tax petitions and demonstrations!
The one thing I hate about Australians.....they're too damn lazy to get off their butts and stand up against the politicians; it's all about footy and beer but when big issues arise in this country, they run and hide!
Originally posted by petrus4
Originally posted by bluemirage5
reply to post by daaskapital
The one thing I hate about Australians.....they're too damn lazy to get off their butts and stand up against the politicians; it's all about footy and beer but when big issues arise in this country, they run and hide!
I've said it before, and I'll say it again. Australians are morons. We're one of the most politically apathetic and least intelligent national populations on the face of the planet.edit on 29-6-2012 by petrus4 because: (no reason given)