this post was submitted on 24 Jan 2024
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Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000 (www.theguardian.com)
submitted 9 months ago by gumnut@aussie.zone to c/australia@aussie.zone
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[–] naevaTheRat@lemmy.dbzer0.com 4 points 9 months ago

that's gross remember. It's defs good money but it's 110k ish annually. If you're on 50k gross you're getting 44ish annually? so it's 2.5 times your income.

Although a lot of people earning that much assuming they're not sole income for a family can probs afford tax minimising shenanigans though.

Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you're laughing though.