How Much Tax Cut You Can Get After 1 July 2024?
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- Опубликовано: 15 июн 2024
- Are you curious about the upcoming tax cuts effective from July 1, 2024? In this video, we'll break down everything you need to know about the new tax changes and how they might impact your finances.
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Chapters
00:00 Intro
Current Income Tax Rate 2324
New Stage 3 Tax Cut
What it Missed Out 
Развлечения
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Awesome 😎
Thank you 🙏
I am going to take it easy and gross around $160k/yr from July onward. Can work harder but would end up paying 6 figures income tax and pay division 293. So I would rather have more spare time instead.
DOED CAPITAL GAIN TAX CHANGE AS WELL ?
They could've just raised the tax-free range, and everyone would've benefited from it, especially the lower income people. Raising the tax free also aligned with inflation, 18.2k in 2024 is not the same as 18.2k in 2014
Yes we need more dole bludgers. That’ll really get the Australian joke of an economy going.
@@Bokgat tax free bracket is not a free money. They need to actually work!
Raising the tax-free range will the lower income people higher fighting chance in this inflationary situation.
@@musemellow most people working are above the tax free bracket except retirees like me who earn on investments. Most people who are unemployed earn below 18,2 k per year
The unemployment benefit range in Australia, also known as the JobSeeker Payment, is as follows ¹:
- Single, no children: $762.70 per fortnight
- Single, with a dependent child or children: $816.90 per fortnight
- Single, 55 or older, after 9 continuous months: $816.90 per fortnight
- Partnered: $698.30 per fortnight
- Single principal carer granted an exemption from mutual obligation requirements: $987.70 per fortnight
If you multiply fortnightly by 24 fortnights per year it ties in quite nicely
@@Bokgat thanks for explaining the impact to those who are receiving the centrelink payments
Tax gas companies and you can easily fund it
They tried that with the miners and they threatened to move off shore. Julia guillards downfall. Also we don’t tend to discriminate tax wise across different corporate sectors. That’s a global thing.
Cut back on the gross government waste and can easily fund it.
Why Is The Title Written With Every Word Capitalised?
Why not ? Important to know. You Don’t Have To Read If You Don’t Want To 😂