Even neoclassical ideologues have to admit stage-three tax cuts aren’t the answer

It’s time we had a real debate about tax reform, Dr Richard Denniss writes. Photo: Getty

In the past 12 months, low-income earners have seen their real wages fall faster than ever before, their mortgage interest rates rise faster than ever before and, here’s the real kicker – their average tax rates actually increase.

To be clear, someone working on the minimum wage has seen the amount of tax they pay rise from $66 per week in 2017 to $96 per week in 2022.