Taxation
Sharpen Your Numbers – FAQ: How will the Stage 3 tax cuts it impact me?
James from Ballarat asks about stage three tax cuts. He earns around $90,000 annually and wants to know how it will affect him. In response, we explain that under the proposed Labor changes, he’ll initially be about $800 better off. However, as his income grows over time, surpassing $120,000, he’ll start paying a higher tax rate, resulting in a long-term decrease in benefits. Short-term gains, long-term considerations—find out more in this episode of Sharpen Your Numbers – FAQs. Learn more in this episode of Sharpen Your Numbers: FAQs answered by Glenn and Ewen.
If you have any questions for Glenn or Ewen please email them to: admin@sharpac.au
Recent Posts
- Sharpen Your Numbers – FAQ: Can I or should I, put money into my superannuation and claim a tax deduction?
- Sharpen Your Numbers – FAQ: When should I set up a self managed super fund?
- Accounting & Advisory for Self-Storage Owners – New Development Case Study
- Mastering Business Finances: Five Essential Strategies for Success