Country Australians will benefit the least from the stage 3 tax cuts, a new analysis based on tax data shows.
According to the analysis, released today, the stage 3 tax cuts will see the top 20 electorates – including North Sydney, Wentworth, and Warringah — pay $48 billion less in tax in 2024-25.
Seven of the top 20 electorates are represented by independent MPs, seven by Labor MPs, four by Greens MPs and two by Liberal MPs. At the other end of the spectrum, the majority of the 20 federal electorates expected to benefit least from stage 3 tax cuts are in rural Australia. Of the 20, seven are held by Labor, eight by the Nationals, three by the Liberals and two by independents.The analysis shows taxpayers in the "bottom 20" electorates will pay $1.1 billion less tax following the introduction of the stage 3 tax cuts.
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