Friday, May 13, 2016

Turnbull Budget scam revealed

Australian National University analysis shows lowest 20% of income earners lose 1.5% of disposable income and the highest 20% lose 0.2%

The 2016 budget hit poor families hardest even though high income earners were slugged through tighter superannuation tax concessions, according to new modelling.

The analysis by Australian National University associate professor Ben Phillips found the main changes in the budget left Australian households $345 a year worse off, on average

The modelling found households in the lowest 20% of income earners were $446 a year worse off, a loss of 1.5% of their disposable income, compared with the top 20% of households who were $434 a year worse off, just 0.2% of their income.


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