The third and round of tax cuts from the 2007 election begin this week, which will deliver significant savings to Australian workers. Wage earners on an income of about $59,000 will save $450 in tax this year, or $8.65 per week, compared with last year.
People earning between $55,000 and $60,000 per year will save $1,350 in total, compared with three years ago, while those earning $100,000 will save $500 or $9.62 per week.
Treasurer Wayne Swan said average workers have had their taxes cut by 20% since Labor came to power.
