Trickle Up: Living costs and the Stage 3 Tax Cuts is a paper showing that the planned Stage 3 Tax Cuts will go to the highest income earners in the country and leave behind people who need cost of living relief.
The paper finds that under the Stage 3 Tax Cuts:
- People earning over $180,000 will gain $233.65 per fortnight
- People earning over $200,000 will gain $349.04 per fortnight
- This amount is enough to pay for a tank of petrol and a modest selection of groceries, as well as car insurance, mobile phone use, and electricity on a fortnightly basis.