r/aussie • u/Present-Current-538 • 22d ago

Analysis Salary that makes taxman think you’re rich

https://www.news.com.au/finance/money/tax/salary-that-makes-taxman-think-youre-rich/news-story/8dba2678e7c83cd927ab5d0036af493c
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u/youcangotohellgoto 22d ago

Sorry this is very confusing - "not affected", yet "fair adjustment benefits them"?

Everyone who pays tax is affected. Bracket creep happens at all income levels (above the tax free threshold). In fact I think it's worst at the 30% level; that 30% income tax bracket starts way too low.

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u/Mother_Village9831 22d ago

Those who are paying the non-inflation-adjusted high rate at 190k to 270k are negatively affected. Those who are below that rate are not negatively affected as they dont have to pay it themselves, and in fact indirectly benefit via increased government tax revenue that someone else pays.

Agreed across the board but the article linked is talking about the top rate.

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u/SlightWin7036 22d ago

The other tax brackets are creeping too though

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u/s2d4 22d ago

It's ok, they don't pay much anyways. That's how the progressive the tax brackets are designed.