Andrew Leigh (Fenner, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

In question time today the Prime Minister said that he was sure that I would agree that Australia has very high personal income tax rates on high-income earners. This is not correct. The best comparison of personal income tax rates comes from the OECD's 2015 statistics, which show that Australia's top marginal income tax rate in 2015 was 12th of 34 countries. But this rate cuts in at a fairly high threshold, and if one is to look at the rate on someone earning 167 per cent—

Mr Fletcher interjecting—

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