Jim Chalmers has today confirmed that he does not know how much he is taxing Australians. <\/p>\n\n\n\n
Australian taxpayers are being smashed under Labor\u2019s economic mismanagement with the average taxpayer in this year alone forking out $3,500 more in tax compared to when Jim Chalmers became Treasurer. That\u2019s $7,000 more in tax for a dual income household.<\/p>\n\n\n\n
This analysis includes Labor\u2019s Cost of Living Tax Cuts <\/em>and is based on the numbers in Jim Chalmers\u2019 own Budget. <\/p>\n\n\n\n The Treasurer is more interested in fighting the Opposition than he is in fighting for Australians. For Jim Chalmers, the tax paid by Australians is just something he can spend \u2013 not something Australians work hard for. <\/p>\n\n\n\n Australians are paying more because of Labor\u2019s reckless policies and irresponsible spending. <\/p>\n\n\n\n The Treasurer confirmed today despite higher taxes and higher inflation, he has turned windfall surpluses into ongoing deficits, which will only put further pressure on prices and further pressure on debt. Ultimately, Jim Chalmers and Labor are relying on hard-working Australians to pick up the tab through higher taxes. <\/p>\n\n\n\n Jim Chalmers is patting himself on the back while Australians suffer the largest fall in living standards on record. <\/p>\n\n\n\n This yet another example of a distracted government focusing on the wrong priorities. <\/p>\n\n\n\n Treasury analysis of Labor\u2019s changes to the stage 3 tax cuts showed that over the decade, taxes would increase by $28 billion by 2034 compared to the original policy. <\/p>\n\n\n\n Analysis of PBO data shows that on a household level, that impact will be profound. The average taxpayer will be paying over $8,900 in more tax from the 2028-2029 tax year compared to 2021-22 levels, if Labor\u2019s Budget settings continue for another four years. That\u2019s almost $18,000 for a dual income household. <\/p>\n\n\n\n Shadow Treasurer Angus Taylor said Chalmers\u2019 gaffe proves the Treasurer\u2019s speciality is spin, not economics. <\/p>\n\n\n\n \u201cAustralians are paying the price for this out-of-touch Treasurer who does not even know how much tax Australians are paying,\u201d Mr Taylor said. <\/p>\n\n\n\n \u201cLabor\u2019s only plan to fix the budget is to take from family budgets to bolster their own. <\/p>\n\n\n\n \u201cLabor has broken every promise on tax it made before the last election, and hard-working Australians are paying the price. <\/p>\n\n\n\n \u201cThis is the biggest spending, biggest taxing government in Australian history. It is clear taxes are on the rise if Labor\u2019s policy settings continue. <\/p>\n\n\n\n \u201cLabor abolished the tax cap in its first budget, the Coalition will restore it. <\/p>\n\n\n\n \u201cThis upcoming budget must restore a tax to GDP cap and fiscal guardrails to reduce wasteful spending so Australians don\u2019t face higher taxes on top of higher inflation. <\/p>\n\n\n\n \u201cAustralians cannot afford another three years of Labor’s economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Jim Chalmers has today confirmed that he does not know how much he is taxing Australians. Australian taxpayers are being smashed under Labor\u2019s economic mismanagement with the average taxpayer in this year alone forking out $3,500 more in tax compared to when Jim Chalmers became Treasurer. That\u2019s $7,000 more in tax for a dual income … Continue reading “Treasurer’s tax hit: Australians paying thousands more in tax under Labor”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-31874","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=31874"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31874\/revisions"}],"predecessor-version":[{"id":31875,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31874\/revisions\/31875"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=31874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=31874"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=31874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}