Summary of proposal
Party
Australian Greens
Policy Topic
Taxes
Portfolio
Treasury
This proposal consists of seven components.
- Component 1: Do not proceed with the scheduled decrease in the marginal tax rate from 32.5 per cent to 30 per cent for taxable incomes between $45,000 and $200,000 from 1 July 2024.
- Component 2: Do not proceed with the scheduled removal of the 37 per cent tax bracket and the scheduled increase of the lower threshold for the 45 per cent tax bracket from $180,000 to $200,000 from 1 July 2024.
- Component 3: Do not proceed with the scheduled increase in the upper threshold for the 32.5 per cent marginal tax rate from $90,000 to $120,000 from 1 July 2022.
- Component 4: Do not proceed with the scheduled increase in the upper threshold for the 19 per cent marginal tax rate from $37,000 to $45,000 from 1 July 2022.
- Component 5: Do not proceed with the scheduled increase in the low income tax offset from a maximum of $445 to a maximum of $700 for taxable incomes up to $66,667 from 1 July 2022.
- Component 6: Decrease the upper threshold of the 32.5 per cent tax bracket from $90,000 to $87,000, to apply from 1 July 2018.
- Component 7: Remove the low and middle income tax offset, to apply from 1 July 2018.