#albanese government

[nando161mando]

[anxhelotosuni]

Alb

[the-lady-maddy]

https://honisoit.com/2024/03/albanese-referred-to-the-international-criminal-court-icc-over-alleged-complicity-in-genocide/

[fourmsandasilentq]

Albo's fixed the Stage 3 tax cuts 🇦🇺💰

I am genuinely surprised that he's made these pretty good. I keep looking at the numbers and assuming I've missed some negative nuance but I haven't found it yet. Nice!

The ABC made a (imo) very confusing graph trying to compare the Liberal's original plan and Albo's new Stage 3 proposal. I completely misread it at first, but maybe that's just me

So, the old rates were

And the new rates are proposed to be

These are pretty good actually. I'm surprised!

So much better than the O.G. proposal:

Under $18,200 same no tax

$18,201 to $45,000 would stay at 19c

$45k to a whopping $200k would be charged 30c

Over $200k would be charged 45c

Literally no change for people earning under $45k, who would actually stimulate the economy if they had tax cuts. It's just 'simplified' by lumping all the 32.5c and 37c people into a lower 30c bracket. Oh, and they were gonna raise the top tax bracket a lot higher. It was estimated to cost $313 billion over a decade, of which $157.5 billion in savings will go to people earning more than $180,000 a year.

In summary,

Lowest bands have less tax (19c->16c and 32.5->30) and the higher bands have the exact same rates.

The 37c band is smaller, not gone, so you can earn a little more before being in that band ($120k->$135k) but the highest band starts proportionally lower ($180k->$190k). I'm not super mad at that, honestly.

Well done, Australian Labor Party, for not breaking the election promise of bringing in Stage 3 Tax Cuts but actually making them help most Aussies.

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Google workers arrested after protesting company’s work with Israel

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Biden’s State Department in a nutshell.

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