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AAP
AAP
Politics
Poppy Johnston

Tax cuts to help households 'catch up' to rate rises

Many tax cut recipients are expected to spend the money on essentials like groceries. (Lukas Coch/AAP PHOTOS)

Australian taxpayers are set to see more dollars appearing in their bank accounts each pay cycle as long-awaited tax cuts kick in.

The saving depends on tax brackets but federal government analysis shows the average full-time worker earning around $98,220 will be getting a cut of $2134 a year, or $41 a week.

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