Australians should see more money in their bank accounts at tax time, with the start of what’s called stage 3 tax cuts taking effect from this week.

But this benefit is looking like it could be wiped out, and quickly, with new research showing that middle income earners will be paying more tax as early as 2025.

Today, senior economics correspondent Shane Wright explains how much money you could see back in your pocket immediately. And why Australians could be paying more tax in just a couple of years.

Australians should see more money in their bank accounts at tax time, with the start of what’s called stage 3 tax cuts taking effect from this week.
But this benefit is looking like it could be wiped out, and quickly, with new research showing that middle income earners will be paying more tax as early as 2025.
Today, senior economics correspondent Shane Wright explains how much money you could see back in your pocket immediately. And why Australians could be paying more tax in just a couple of years.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Stage 3 tax cuts: How much money will you get?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/8a8c548a-918d-4e3a-84ad-b1a000890c8f/transcript

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