Income tax rate

Aug 15, 2017

Q. Australia’s current top income tax rate is 47% on earnings over $180,000. Do you think this rate is too high, too low or about right?

  Total Vote Labor Vote Lib/Nat Vote Greens Vote other   Income less than $600 pw Income $600-$1,000pw Income $1,000-$1,500 pw Income $1,500- $2,000 pw Income $2,000+ pw
Too high 33% 32% 38% 24% 29% 21% 26% 36% 36% 46%
Too low 12% 14% 12% 9% 20% 11% 13% 14% 13% 12%
About right 39% 40% 41% 48% 37% 44% 45% 33% 43% 35%
Don’t know 16% 14% 9% 18% 15% 25% 16% 17% 7% 7%

 

33% think that the top income rate is too high, 12% think it is too low and 39% think it is about right.

 

38% of Liberal/National voters think it is too high while 40% of Labor voters and 48% of Greens voters think it is about right.

 

Opinions were related to personal income. Those on higher incomes were more likely to think the tax rate is too high – although even those on $2,000+ pw were divided (46% too high and 47% too low or about right).

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