Australia implements stage 3 tax cuts on 1 July, providing relief for middle-income earners.

The article covers the stage 3 tax cuts in Australia, effective July 1, aimed at providing cost-of-living relief, especially for middle-income earners. Those making $50,000 annually receive an additional $17.87 weekly, while those making $100,000 gain $41.90. Treasurer Jim Chalmers announced these cuts to help individuals cope with rising living costs, though many people express uncertainty about whether to spend or save the extra income.

September 21, 2024
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