
Check how much you'll save with our income tax calculator
Most households will receive a tax cut in the next 12 months, in a bid to encourage more spending to boost economic activity. How much will you get?
Try being a sole trader and get anything. Itās farked.
god I fkng hate the āwinners and losersā narrative of federal budgets so much
every LNP budget of the last three decades
winners: middle and upper class
losers: vulnerable people
there, done.
Sole trader without kids. Barely register as human, pay for everyone else. Sweet times.
isnt it just assumed that as a sole trader you not paying tax anyway as everything is a write off.
Arenāt you a self-funded retiree these days?
yep - but Iām a cheery, black coffee drinking āyoungerā fart
isnt it just assumed that as a sole trader you not paying tax anyway as everything is a write off.
Wish Iād known that. No, you canāt get away with much at all, less than most businesses. I really should become a preacher.
yep - but Iām a cheery, black coffee drinking āyoungerā fart
What? Are they charging tax on the milk in the coffee?
I didnāt know this. Congrats on your retirement. How exciting!
isnt it just assumed that as a sole trader you not paying tax anyway as everything is a write off.
Iād love to have your accountant. Iāve just finished paying off a humongous tax bill.
Cracking budget, at last something in there for the middle class.
Bring on those tax cuts
Yeah - bring them on!
ScuMo and his mates are generous to those on $250k+. Not so much to those earning $80k:
Whereās that calculator please?
Most households will receive a tax cut in the next 12 months, in a bid to encourage more spending to boost economic activity. How much will you get?
The 2024/25 amounts are amaaaaaazing.
Glad I hitched my wagon to Mrs Wimās star. lol.
Thatās incorrect, you will save around $2k
Thatās incorrect, you will save around $1k⦠no cheating by including previous cuts.
The cuts arenāt doing much other than canceling some bracket creep.
Still, looking forward to being un-Australian and investing/mortgage-reducing my bonus.
I get women by and large care for the kids and hence the complaint on childcare.
Id like to think more men are taking on primary carer roles so its a more equal burden.
But you know thats some feminist ideal than prevailing reality.
I donāt meet many women whose ideal eligible man doesnāt come with a good job.
Whereās that calculator please?
The Federal Budget contains income tax cuts for most Australians, with someone on the average wage set to receive an extra $20 or so each week as soon as the cuts are passed.