The Greens are again pressuring the federal government over the stage three tax cuts, with South Australian (SA) Greens Senator Barbara Pocock arguing it will only benefit the rich inner city areas and leave behind rural and regional Australians.
This comes as The Australia Institute’s report ‘Divided Nation’ (pdf) found that the tax cuts would primarily benefit wealthy residents of the inner-city eastern states electorates.
The tax cut legislates the marginal tax rate to 30 percent for people earning between $45,000 (US$29,300) and $200,000 (US$133,900) from July 2024.
The report found that of the 151 electorates in Australia, taxpayers in just 20 electorates will pay $4.8 billion less in tax in 2024-25 due to Stage Three tax cuts compared to the other 131. Those 20 were also dominated by east coast inner Metropolitan electorates in Sydney, Melbourne, Brisbane, and Canberra….