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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
imageThe PBO has likely overestimated future personal income tax revenue.Shutterstock

The 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

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