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




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