Budget Time

In Peter Costello’s latest budget those who earned $25000/year received $6/week, but those earning $125000/year received I think around $60/week. Of course Labor is saying the low income earners are getting ripped off! Lets look at it in perspective. The low income earner who earns $25000/year pays $4160/year in tax, yet those earning $125000/year pays close to $51000/year in tax. You would think he deserves a little extra back, and in fact in perspective is getting less back than the low income earner.

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