this post was submitted on 27 Nov 2023
500 points (98.6% liked)

World News

32507 readers
719 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

Health experts say axing plan to block sales of tobacco products to next generation will cost thousands of lives

you are viewing a single comment's thread
view the rest of the comments
[–] livus@kbin.social 2 points 1 year ago (1 children)

@Amazinghorse that's not really true. It won't affect the bottom tax bracket. National have been pitching it as a tax cut for "middle income earners".

I just went and played around with their tax calculator and low income earners get almost nothing compared to wealthier people.

[–] Amazinghorse@lemmy.world 1 points 1 year ago

From memory minimum wage earners get something like $25 per week, which I know isn't much. Middle income earners ($120k+ combined) get $120 per fortnight back. People earning over $80k don't get any additional cuts.

Their policy specifically states tax cuts for the bottom 3 brackets. I don't know why the calculator isn't showing any cuts for min wage.