National's ACTUAL tax proposal 31 Aug. (not the spin).

Hans & Fiona from Westmorland

Quote: “A couple, without children, earning üp to $120k PA” (ie $119,999 PA jointly or $60k each) would get an extra $100 per fortnight”.

It's actually only $60.76 /fn !! That's a $1020 pa “HOLE”. (Here's the maths.)
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $34,000 (to $48,000) @ 17.5% =$5950
Then $12,000 (to $60,000) @ 30% = $3600
Total Tax paid each =$11,020
National's, proposal
First $15,600 @ 10.5% =$1638
Then $37,900 (to $53,500) @ 17.5% = $6632
Then $6500 (to $60,000) @ 30% = $1950
Total Tax paid each =$10,220
ACTUAL SAVINGS =$800PA (each $30.76/fortnight) or $61.53/fn for a couple - NOT $100


“A superannuant couple ($22,869ea X 2) up to $26 boost “ It's ACTUALLY only $8.61 /fn !! That's a $452 pa “HOLE” !
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $8869 @ 17.5% =$1552
Total Tax paid each =$3022

National's, proposal
First $15,600 @ 10.5% =$1638
Then $7269 @ 17.5% = $1272
Total Tax paid each =$2910
ACTUAL SAVINGS =$112 PA (each $4.30/fortnight) or $8.61/fn for a couple. NOT $26.

When you think about the cuts (austerity) that will be needed. It's actually pretty underwhelming and insulting.