A TATTON family has celebrated an “eased burden” after the middle income tax bracket was raised from $80,000 to $87,000, but they feel for locals who sit on the lower-end of the pay-scale.
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People who earn more than $80,000 per year will receive a tax cut of up to $6 per week, which father-of-three Hamish Wheatley said applied to one person in his household.
“One of us falls in the bracket, and the other doesn’t – but it’s still the biggest benefit for our family in this budget without a doubt,” he said.
“I think it would have been nice to see the changes go down the brackets, low-income earners haven’t been given much this year.”
In Wagga, 86 per cent of dual earner households do not make $130,000 per year, according to an Australian Bureau of Statistics census.
Mr Wheatley, who works for Essential Energy, and his wife Melissa, who works in childcare – both suggested superannuation rates should have been altered to benefit everybody.
"The only super benefit I saw was that they were attacking high income earners,” Mr Wheatley said.
“Maybe if they increased superannuation from 9.5 up to 15 per cent for the average earner, it would give everybody more security.”
A big change to superannuation was the introduction of a cap to prevent benefits flowing to the super-wealthy.
