The Stage 3 cuts would make Australia's income tax system the least progressive in 60 years.
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In an interview with The Conversation, Frydenberg refused to be drawn on what the government would do if unable to get the whole bill through.
Taxation is not the only financial burden for overseas Americans.
The government promised to eliminate the 37% tax rate. Instead, for a certain range of income, it has lifted it to 40%.
After some years the Coalition's proposals would cost $40 billion per year more than Labor's, but by then Labor will have probably cut tax further too.
Flat tax is simple, Kondo simple. But that doesn't mean it simplifies lives.
Should the Coalition's $300 billion of tax cuts ever be enacted, they would push the budget back towards deficit.
The promised tax cuts will benefit high earners in 2022 and 2024, but by then they'll need it.
The debate about tax cuts has morphed into a debate about annual lump sum payments, and for many Australians, Labor is offering more.
It's tax season. That's why Canadians must pay close attention to the possibility of going from the tax avoidance realm into tax evasion when preparing their tax returns or hiring an accountant to do so.
If you can understand this, you might just understand the election. Here's our quick guide to the language of dividend imputation.
The promised budget surplus depends on everything going right, and much more income tax says the Parliamentary Budget Office.
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.
Top contributors
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Professorial Fellow, University of Canberra
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Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
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Senior Associate, Grattan Institute
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Danielle Wood is a Friend of The Conversation.
Program Director, Budget Policy and Institutional Reform, Grattan Institute
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Professor, Department of Economics, University of Melbourne
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Professor, University of Melbourne
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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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Jay L. Zagorsky is a Friend of The Conversation.
Senior Lecturer, Boston University
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Visiting Scholar, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Lecturer in Accounting, Edinburgh Napier University
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Director, ANU Centre for Social Research and Methods, Australian National University
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Inglis Professor at University of King's College, Professor of Canadian History (retired), Dalhousie University
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Senior Associate, Grattan Institute
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Visiting Fellow, Crawford School of Public Policy, Australian National University
