14 May 2011

BUDGET TRUTH ABOUT PEOPLE ON $150,000 OR MORE


Budget anger wasted

on those earning $150,000

THE AGE : Tim Colebatch May 14, 2011 Edited by S W T Read:9.32am








Far more Australians have household incomes over $150,000.

Updating the latest household income data from the Bureau of Statistics, 17 per cent of households, or one in six, have pre-tax incomes of more than $150,000.

But that's almost irrelevant to the budget cuts.

The only benefit that depends on household income being under $150,000 is the baby bonus. And freezing its threshold until 2014 will deny benefits to only about 2000 families.

Coalition and media claims that households on $150,000 would lose the much bigger Family Tax Benefit B are wrong.

They would lose Family Tax Benefit B, or the dependent spouse rebate or paid parental leave, only if the income of the primary earner rises over $150,000.


WHEN IS BENDING THE TRUTH IS AN OUTRIGHT LIE!
TRUTH IS THE FIRST CASUALTY OF POLITICS




Politics blogs

No comments:

Post a Comment

Featured post

The wheel of death, it keeps on giving!

Based on an article by Chris Silvini, Townsville Bulletin Hasn’t it been quite the spectacle watching our pollies take on the wheel of d...