Opinion

Stage three tax cuts haven’t blunted the impact of bracket creep

The top brackets will continue to inexorably sweep up a rising number of taxpayers with collateral damage to incentive and ambition.

Matthew Taylor and Robert Carling

Mar 24, 2024 – 12.51pm

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Two months after announcing their stage three income tax cuts backflip, and a month after they breezed through parliament, Labor is probably feeling satisfied with what they have pulled off – especially since they appear to have been politically popular.

But if they think they have resolved the basic issues around personal income tax policy, they are mistaken.