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Vital Signs: stealth tax rises are eating into your income – but we know the solution

  • Written by The Conversation
Vital Signs: stealth tax rises are eating into your income – but we know the solutionshutterstock

A curious feature of the Australian tax system is “bracket creep”. Taxpayers whose income climbs by no more than prices (inflation) get no increase in their living standards. Instead, they see more and more of their income pushed into their highest tax brackets, or to even higher tax brackets.

It means the government’s...

Read more: Vital Signs: stealth tax rises are eating into your income – but we know the solution

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