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Average tax rate to hit record high this decade (with or without stage three cuts)

John Kehoe
John KehoeEconomics editor
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Average tax rates for wage earners will reach record highs around the end of the decade even if the stage three tax cuts are retained, federal Treasury analysis shows.

The tax impost will be even bigger if Labor decides to pare back stage three, which predominantly favours people earning more than $120,000 a year.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
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    Original URL: https://www.afr.com/policy/tax-and-super/average-tax-rate-to-hit-record-high-this-decade-with-or-without-stage-three-cuts-20221008-p5bo78