Post by Banker on Apr 8, 2012 16:27:32 GMT 7
CASH bonuses for families of up to $100 per child and $250 for pensioners will be deposited in voters' bank accounts within weeks as the Gillard government fights a public backlash over the carbon tax.
But taxpayers will be forced to pick up the tab for a public education campaign with a multi-million dollar advertising blitz in the pipeline.
The carbon tax is tipped to increase household bills by $10 a week when it is introduced on the nation's top 500 polluters from July 1.
The lump sum bonus payments will be rolled out from May, ahead of the introduction of the carbon tax and on top of a $300-a-year tax cut for six million Australians earning $80,000 a year or less.
One million workers will no longer have to pay tax or lodge a tax return under a tripling of the tax-free threshold to apply from July 1 under the changes.
A new analysis prepared by Treasury reveals the decision to triple the tax-free threshold will ensure 192,000 workers in NSW, 152,000 Victorians, 121,000 Queenslanders and 100,000 workers in SA, WA and Tasmania no longer have to pay any tax. Nearly 2 million workers in NSW will secure a tax cut of more than $300, along with 1.5 million workers in Victoria.
Part-time workers, students, mums in casual work and retirees will benefit from the lifting of the tax-free threshold from $6000 to $18,000. Workers will be able to earn $336 a week without paying tax. Acting Prime Minister Wayne Swan said the government understood families' concerns about the cost of living impact of the carbon tax,
"From 1 July, more than six million Australians will get a tax cut of up to $300. That's good news for families because we know when household budgets are tight, every bit of extra tax relief helps," he said.
The carbon tax compensation package will include:
FAMILIES already securing payments under Family Tax Benefit A will be paid cash bonuses to compensate for the impact of the carbon tax from May 16 to May 29 with a small increase in fortnightly payments to follow.
SINGLE income families securing payments under Family Tax Benefit B will get up to $69 extra plus up to $300 in additional supplement.
STUDENTS securing Austudy payments will secure payments over the period June 11 to June 22.
PENSIONERS can expect to see their $250 bonuses, known as the Clean Energy Advance, to arrive from May 28 to June 8.
SELF-FUNDED RETIREES who have a Commonwealth seniors health care card will get $250 cash bonus from next month or $190 for each member of a couple.
It is set to intensify the pressure on Tony Abbott to detail whether pensioners and families face reduced payments under a Coalition government because he has vowed to dismantle the tax.
"Rather than support our tax cuts, Tony Abbott would prefer to slug families with a $1300 bill to pay for his dodgy climate policy," Mr Swan said.
goo.gl/jomxq
But taxpayers will be forced to pick up the tab for a public education campaign with a multi-million dollar advertising blitz in the pipeline.
The carbon tax is tipped to increase household bills by $10 a week when it is introduced on the nation's top 500 polluters from July 1.
The lump sum bonus payments will be rolled out from May, ahead of the introduction of the carbon tax and on top of a $300-a-year tax cut for six million Australians earning $80,000 a year or less.
One million workers will no longer have to pay tax or lodge a tax return under a tripling of the tax-free threshold to apply from July 1 under the changes.
A new analysis prepared by Treasury reveals the decision to triple the tax-free threshold will ensure 192,000 workers in NSW, 152,000 Victorians, 121,000 Queenslanders and 100,000 workers in SA, WA and Tasmania no longer have to pay any tax. Nearly 2 million workers in NSW will secure a tax cut of more than $300, along with 1.5 million workers in Victoria.
Part-time workers, students, mums in casual work and retirees will benefit from the lifting of the tax-free threshold from $6000 to $18,000. Workers will be able to earn $336 a week without paying tax. Acting Prime Minister Wayne Swan said the government understood families' concerns about the cost of living impact of the carbon tax,
"From 1 July, more than six million Australians will get a tax cut of up to $300. That's good news for families because we know when household budgets are tight, every bit of extra tax relief helps," he said.
The carbon tax compensation package will include:
FAMILIES already securing payments under Family Tax Benefit A will be paid cash bonuses to compensate for the impact of the carbon tax from May 16 to May 29 with a small increase in fortnightly payments to follow.
SINGLE income families securing payments under Family Tax Benefit B will get up to $69 extra plus up to $300 in additional supplement.
STUDENTS securing Austudy payments will secure payments over the period June 11 to June 22.
PENSIONERS can expect to see their $250 bonuses, known as the Clean Energy Advance, to arrive from May 28 to June 8.
SELF-FUNDED RETIREES who have a Commonwealth seniors health care card will get $250 cash bonus from next month or $190 for each member of a couple.
It is set to intensify the pressure on Tony Abbott to detail whether pensioners and families face reduced payments under a Coalition government because he has vowed to dismantle the tax.
"Rather than support our tax cuts, Tony Abbott would prefer to slug families with a $1300 bill to pay for his dodgy climate policy," Mr Swan said.
goo.gl/jomxq