Australians have pocketed over $680 on average in tax cuts since July, but are set to score thousands more this year.
Treasurer Josh Frydenberg is spruiking the tax cuts today confirming how much has been paid out since the tax cuts were brought forward and backdated to July 1.
In total, this financial year’s tax cuts are worth $2745 on average for singles and $5490 for couples. Australia’s incredible comeback from the dark early days of the COVID-19 lockdown is also underlined in the stunning claim that 85 per cent of those who lost their jobs or had their job hours reduced to zero have now secured work.
“2020 was a year like no other. Hardworking Australians from all walks of life, through no fault of their own, paid a heavy price as a result of COVID-19,’’ he said.
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