Younger and older Australians all have an interest in the debate about the superannuation tax concessions worth $48 billion that the Albanese government is scrutinising.
The generous tax concessions for superannuation put more tax pressure on overburdened wage earners, both through explicit tax increases and stealth bracket creep. The overhyped debate about the stage three income tax cuts is a classic example, when the tax cuts merely return bracket creep.
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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
