House debates
Thursday, 1 June 2017
Questions without Notice
Taxation
2:11 pm
Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source
Indeed, under Labor's policy Mary will suffer a $500 pay cut for a $1 pay rise. Under Labor's policy, a person with a taxable income of $86,500 would have a total tax liability of $21,390, leaving $65,110 after tax. But, with a taxable income of $87,001, they would have a total tax liability of $21,997, resulting in an after-tax amount of $65,004. This is the slipshod politics of envy—no economics, no equity, no judgement. No wonder Australians recognise this Leader of the Opposition is unfit to be Prime Minister of this nation.
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