I am scaaaarrreeddd we get zilch. I get a tax cut of bugger all!
Oh, nm! I just checked. Your conditions are much the same as ours.
The tax cuts are lifting the tax free threshold from $6000 to $18000 for this financial year.
They are trying to sell it like it is a great thing (carbon tax) but I don't see anything great about it!
Anybody earning $80k or less per annum will get a tax cut. Their modelling has been that the majority of low to low-middle income households will not be worse off. From what I've read, the Treasury modelling was quite accurate for the GST, so they expect it to be similarly accurate for carbon tax.
There seems to be a lot of fear and myths surrounding it, eg:
- fuel will go up - not for private vehicles, so the average person will not be affected at the pump
- electricty will jump in price - it will increase, but not all the increase is attributable to the carbon tax - a lot is from infrastructure which would have happened anyway
- food will go up dramatically - not on the Treasury figures
And it's a good incentive to consume less. We live in Queensland but don't use air conditioning. We just get by. I think people have overly high expectations of what is "essential". And the people on such low incomes who are affected by the relatively small changes to basic goods are being compensated anyway.
I would love to say what I am really feeling about it all. But I am sure I will be told to just suck it up as on paper our income looks pretty.
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