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