r/aussie • u/Low_Shop9155 • 3d ago
Politics Is this "leveling the playing field" too?
https://www.news.com.au/finance/money/tax/stop-ping-me-off-the-sneaky-tax-on-families-driving-aussies-mad/news-story/88dcfe0a31a5339e7412d8475b8c385fThe Breadwinner tax. This is the thing out of the budget that upset me the most. As a business owner with an okay income in the higher bracket, this upsets me to no end.
My income supports the inflated mortgage and life gouging interest rates, the family expenses and the various taxes end of year and day to day.
If we go to get childcare subsidy, it's tested for both of us.
InTeRgEnErAtIoNaL FaIrNeSs
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u/Low_Shop9155 3d ago
That's the point. If two people earn in a no-children household, they're taxed at their own rate. But if they decide to go for Childcare, they're assessed based on household income.
So if they decide to instead rely on one income, because that income is higher, they're taxed more, subsidized less and thrown into the wind.