The promised budget surplus depends on everything going right, and much more income tax says the Parliamentary Budget Office.
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Articles on Income tax
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It was a busy week in politics, with the federal government passing its income tax package, more squabbling over the ABC, and all parties gearing up for the July 28 byelections.
The Senate on Thursday is set to pass intact the government's $144 billion three-stage income tax package - but whether the plan is fully delivered will depend on who wins the election.
The income tax cuts in the 2018 federal budget are likely to be modestly regressive, giving high earners a lower share of the overall tax burden. But by 2028 income tax will be higher across the board.
The Greens plan would bring in "a Buffett rule" to ensure higher income earners paid their fair share of tax by limiting deductions made by those earning more than $300,000.
The government is pinning its hopes on making this election all about tax – casting itself as champion of lower tax and Labor as signed up to what Morrison dubs the "high tax club".
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
In the 1950s, Canada made it easy for employees to file their income tax. Now let's simplify the process for others, too.
Politics podcast: Michael Keating on a Fair Share.
The Conversation54.4 MB (download)
Keating told The Conversation that taxation revenue will need to rise by another 3 percentage points of GDP in the next three decades.
Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
On Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said almost 60% of small business owners in Australia are paid $50,000 or less. Is that right?
The lost incentives to give are likely to make a bigger difference than the small uptick in economic growth expected from the new law.
Malcolm Turnbull has raised the prospect of personal income tax relief to help middle-income earners.
Outrage over tax reform is nothing new. But if we can't be calm about tax, we can at least learn from the stories spoken in anger.
Christian Porter said Australia's welfare system 'was costing over 100% of all income tax raised' under Labor after the GFC, and that it's 'around 80%' under the Coalition. Is that true?
Trump's budget is bad in every way. But that doesn't excuse us here of ridiculous assumptions.
Theresa May claims the Conservatives have historically been a party of low taxes. Is she right?
The bar for achieving that lofty goal was set almost 150 years ago when Congress cut taxes from as high as 10 percent to zero over two years.
As tax day approaches, here's a primer on how your dollars help fund the U.S. government, and how your share has probably increased.
As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?
Top contributors
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Professorial Fellow, University of Canberra
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Associate Professor, Centre for Social Research and Methods, Australian National University
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Professor, Department of Economics, University of Melbourne
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Professor, Crawford School of Public Policy, Australian National University
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor of Economics, The University of Queensland
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Adjunct associate professor, Boston University
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Lecturer in Accounting, Edinburgh Napier University
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Inglis Professor at University of King's College, Professor of Canadian History (retired), Dalhousie University
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Professor of Institutional Economics, RMIT University
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John Daley is a Friend of The Conversation.
Chief Executive Officer, Grattan Institute
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Emeritus Professor of Accounting, University of Essex, University of Essex
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Professor of Constitutional Law, University of Sydney
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Lecturer, Public Sector Finance, University of Canberra
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Associate Professor, College of Business, government & Law, Flinders University
