Where's the middle (income)?

As pressure builds for the Albanese government to scrap the promised Stage Three tax cuts, discussion has shifted around who would lose out. The Australian said it would mean “2.5 million middle income Australians will pay thousands of dollars in additional tax,” but describes middle income Australians as individuals earning between $120,000 and $160,000 a year. If that sounds wrong, it's because it is.  This was recorded on Tuesday 11th October 2022 and things may have changed since recording. The Australia Institute // @theausinstitute Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett Guests: Matt Grudnoff, Senior Economist, the Australia Institute // @MattGrudnoff Eliza Littleton, Research Economist, the Australia Institute // @ElizaLittleton Producer: Jennifer Macey // @jennifermacey Edited by: Emily Perkins Theme Music: Pulse and Thrum; additional music by Blue Dot SessionsSupport Follow the Money & the research powerful interests fear: https://theaus.in/4vs6XeOSee omnystudio.com/listener for privacy information.