Middle-income earners probably won't be paying as much tax as the government expects
- Written by Phil Lewis, Professor of Economics, University of Canberra
The PBO has likely overestimated future personal income tax revenue.ShutterstockThe federal government’s return to a budgetary surplus by 2020/21 will mainly be due to a projected increase in personal income tax revenue, according to a report from the Parliamentary Budget Office (PBO).
The PBO modelling shows that people in the middle of the...
Read more: Middle-income earners probably won't be paying as much tax as the government expects