The Albanese government is presiding over a massive tax increase that is “the biggest in a generation” and affects everyone who earns income tax, Sky News host Sharri Markson says.
On average, tax revenue in 2021-22 went up almost 15 per cent across all levels of government from the year before – which equates to a 15 per cent tax increase in nominal terms.
Subtracting inflation, which is seven per cent, this is the biggest tax increase in “many years”, Ms Markson said. “These are tax increases that are not legislated, they’re not debated in public, they just happen every year without anyone talking about them and right now they’re larger than they have been in at least a generation,” she said.
“This is partly because of inflation and partly because wages are rising again after more than a decade of sluggish growth.”
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