Where's the middle (income)?

As pressure builds for the Albanese government to scrap the promised Stage Three tax cuts, discussion has shifted around who would lose out. The Australian said it would mean “2.5 million middle income Australians will pay thousands of dollars in additional tax,” but describes middle income Australians as individuals earning between $120,000 and $160,000 a year. If that sounds wrong, it's because it is. 

This was recorded on Tuesday 11th October 2022 and things may have changed since recording.

The Australia Institute // @theausinstitute

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett

Guests:

Matt Grudnoff, Senior Economist, the Australia Institute // @MattGrudnoff

Eliza Littleton, Research Economist, the Australia Institute // @ElizaLittleton

Producer: Jennifer Macey // @jennifermacey

Edited by: Emily Perkins

Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions Support Follow the Money: https://nb.australiainstitute.org.au/donate See omnystudio.com/listener for privacy information.