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Australia has one of the weakest tax systems for redistribution among industrial nations – the Stage 3 tax cuts will make it worse

  • Written by The Conversation
Australia has one of the weakest tax systems for redistribution among industrial nations – the Stage 3 tax cuts will make it worseShutterstock

One of the chief purposes of government payments and taxes is to redistribute income, which is why tax rates are higher on taxpayers with higher incomes and payments tend to get directed to people on lower incomes.

Australia’s tax rates range from a low of zero cents in the dollar to a high of 45 cents, and payments including...

Read more: Australia has one of the weakest tax systems for redistribution among industrial nations – the...

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