A Fairer Deal: Understanding the New Cost of Living Tax Cuts

Real Numbers, Real Impact

Let's talk real-life examples:

• A retail worker earning $45,000 will now see a tax cut of $804.
• Nurses, earning $80,000 will benefit from a $1,679 tax cut.
• Public Servants making around $100,000 get a $2,179 cut.
• And if you're earning the median income of $63,500? Expect a $1,498 reduction in your taxes.

The Tax-plan Key Takeaways

• Everyone benefits, with all workers paying less tax than before.
• A whopping 84% of workers will see a larger tax cut compared to the old plan.
• 90% of women workers are set to benefit more under this new system.
• A worker earning $72,753 will save $1,498 in taxes, which is $804 more than what the Morrison plan offered.
• Those on the minimum wage will see an additional $15 weekly, a significant increase from the previous 44 cents.
• Even high-income earners, those making over $200,000, will see a cut of $4,529.

Why This Matters?

In times where every penny counts, these changes are not just numbers on a paper; they're about real people facing real challenges. It's about making life a little easier for the majority of Australians who are navigating through the cost-of-living crisis.

Integrity and Inflation: The Bigger Picture

At the heart of these changes is a commitment to integrity and the best interests of the people and our economy. This plan is not just about immediate relief; it's about building a stronger, fairer economy for all.

A Final Thought

It's more than just tax cuts; it's about recognising the value of hard work and the need for a fair and supportive system. As union members, we understand the power of standing together and fighting for what's fair. Let's embrace these changes as a step towards a more equitable future.

Stay Informed, Stay United

Remember, knowledge is power. Stay informed about these changes, and let's continue to stand together for fairness, respect, and dignity in our work lives.