Impact of tax cut

May 15, 2018

Q. One of the major budget announcements was changes to income tax. From July 1st most people earning under $90,000 will receive a $10 per week tax cut. Which best describes what this will mean for you and your family?

 

  Total Men Women Age
18-34
Age 35-54 Age
55+
Income less than $600 pw $600-1,000 pw $1,000-1,500 pw $1,500-2,000 pw Over $2,000 pw
It will make a difference to my household 22% 22% 22% 35% 22% 8% 16% 19% 22% 23% 29%
It won’t make any real difference to my household 45% 46% 43% 39% 50% 45% 33% 40% 61% 49% 51%
I won’t be receiving it 25% 25% 24% 15% 18% 43% 47% 33% 13% 17% 13%
Don’t know 8% 7% 10% 11% 10% 4% 3% 7% 4% 12% 7%

Only 22% say that the tax cuts will make a difference to their household. 45% say it won’t make any real difference and 25% think they won’t receive the tax cut.

Younger respondents (35% of aged 18-35) and those on higher incomes (29% of income $2K+) were most likely to think it will make a difference to their household.

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