Articles on bracket creep

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Economic reality has intruded on rosy budget predictions for years now and the Pre-election Economic and Fiscal Outlook may soon challenge Treasurer Scott Morrison’s forecasts. AAP/Mick Tsikas

Three critical tests for Budget 2016: how does it fare?

Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
Deloitte strongly argues the budget has a revenue problem, not just a spending problem – a proposition consistently rejected by Treasurer Scott Morrison. Lukas Coch/AAP

Deloitte projects $129 billion four-year cumulative deficit, proclaims ‘a revenue problem’

The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
In comments to the Coalition joint partyroom, Tony Abbott urged the government to go down the savings path. Mick Tsikas/AAP

Tony Abbott’s nope, nope, nope moment on tax

On Monday, a scarifying account of Tony Abbott’s prime ministership appears in the bookshops. By journalist Niki Savva, The Road to Ruin: How Tony Abbott and Peta Credlin Destroyed Their Own Government…
Treasurer Scott Morrison emphasises the government’s desire to control “new spending” in a speech to the National Press Club. Mick Tsikas/AAP

Morrison still hopeful of modest relief on tax bracket creep

Treasurer Scott Morrison has "rescaled" the tax debate to hold out the prospect of "modest" tax relief that may prevent average wage earners moving into the second highest tax bracket.
Treasury modelling released by the government backs up Malcolm Turnbull’s decision to walk away from an increase to the GST. Lukas Coch/AAP

Treasury modelling shows no growth lift from GST tax mix switch

The government has released Treasury modelling showing a tax mix switch with a 15% GST and income tax cuts would deliver no gains to economic growth.
The government taxation mantra of lower, simpler, fairer doesn’t seem to extend to indexing bracket creep. AAP/Mick Tsikas

Taxation by stealth: bracket creep and the budget

The government is counting on bracket creep to quietly add to its tax collections. But this is simply taxation by stealth.
The Australian community has been involved in many discussions about tax in the past, and now it’s time for some new decisions. Image sourced from

It’s time to choose what kind of tax system we want

Five years on from the Henry Tax Review tax reform is upon us again, and this time Australia must plan for the future.
The Abbott government is preparing to give Australians a tax cut, but Treasurer Joe Hockey seems confused as to just how much tax we pay. Dean Lewins/AAP

The truth about bracket creep and Hockey’s tax tales

Australian Treasurer Joe Hockey claims taxpayers are already paying 50 cents in the dollar of their income to the government and that bracket creep will push the average income earner into the second top…

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