Stage three tax cuts: How much you could gain each pay cycle?

The controversial stage three changes were passed by the Coalition in 2019 with the support of Labor and are due to come into force in mid-2024. The move will lower the 32.5 per cent and 37 per cent marginal tax rates to 30 per cent, at an expected cost to the public purse of more than $240 billion over 10 years. Govindarajan Appu, a columnist on economics, a certified public accountant and associated chartered accountant in Perth, explains more about it. Produced by Renuka

Credit: Getty / Traceydee Photography. Inset:Appu Govindarajan

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