"Last year the treasurer, Josh Frydenberg, told parliament that
“creating one major tax bracket between $45,000 and $200,000” would
“tackle bracket creep”. He suggested that “if you get another job or a
promotion, or you do some overtime, you won’t necessarily pay a higher
marginal rate of tax”.
But that is not bracket creep. That is you getting a higher-paid job and
as a result paying a higher level of tax.
That is how progressive taxation has worked for over a century.
And this explains why the pitch to solve bracket creep was really just a
distraction for what the government really wanted to do – reduce taxes
for higher incomes.
And the PBO has found that is exactly what they have done."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics