Thursday 11 August 2022 04:34 AM Jim Chalmers: Aussies earning over $45,000 WILL benefit from tax cuts trends now

Thursday 11 August 2022 04:34 AM Jim Chalmers: Aussies earning over $45,000 WILL benefit from tax cuts trends now
Thursday 11 August 2022 04:34 AM Jim Chalmers:  Aussies earning over $45,000 WILL benefit from tax cuts trends now

Thursday 11 August 2022 04:34 AM Jim Chalmers: Aussies earning over $45,000 WILL benefit from tax cuts trends now

How much Aussies from bus drivers to CEOs will save when tax cuts for EVERY worker who earns more than $45,000 come into force - as Treasurer slaps down union push ACTU had demanded Jim Chalmers scrap stage three tax cuts due in 2024  But the Treasurer slapped down that request, saying cuts will stay in place  Stage three tax cuts benefit everyone earning more than $45,000 a year 

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Aussies earning over $45,000 will have their taxes slashed in 2024 after Treasurer Jim Chalmers slapped down union demands to cancel the upcoming cuts.

Dr Chalmers said it was Labor's intention to keep the third stage of tax cuts which were passed in 2019 after the country's biggest trade union pushed him to scrap them.

The stage three tax cuts are controversial because, unlike the first two stages which are already in place, they will benefit the wealthiest Australians the most.

From July 2024 a politician on $211,250 will get a tax cut of $9,075 while a registered nurse on $72,235 will get a tax cut of $681, a bus driver will get $461 and a chef will get $321.

Ahead of September's jobs and skills summit, the Australian Council of Trade Unions (ACTU) had released a list of economic demands including rent controls, higher taxes on company profits, and scrapping the stage three income tax cuts.

Aussies earning over $45,000 will have their taxes slashed in 2024 after Treasurer Jim Chalmers (pictured) slapped down union demands to cancel upcoming cuts

Aussies earning over $45,000 will have their taxes slashed in 2024 after Treasurer Jim Chalmers (pictured) slapped down union demands to cancel upcoming cuts

Chefs are set to save $321 a year when the stage three tax cuts come into play in 2024

Chefs are set to save $321 a year when the stage three tax cuts come into play in 2024

But Dr Chalmers shot down the union plan in an ABC radio interview on Thursday. 

'We intend to leave them in place,' he said of the cuts.

Dr Chalmers said the only tax change Labor is contemplating is a crackdown on

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