How three Australians are going to spend their tax cuts

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Australians on different tax brackets tell us how they will spend their stage 3 tax cuts.

Eva Frketic is in the top tax bracket as a property partner of Sydney real estate firm The Agency, but does not feel the upcoming tax cuts will make a change for her day-to-day with family expenses.“We definitely have not taken it into consideration as something that I can be reliant on having an impact on our day-to-day, it’s not going to be something that substantially changes or balances out the increased costs that everyone is facing,” she said.

“I don’t think tax cuts are enough … it’s a very selfish and short-term ability to win votes for those people who may not have the interest or understanding of what the greater impacts are for longevity or forecasting what their lives might look like or what their kids’ like for futures to come,” she said.

Until contacted by this masthead, Renshaw wasn’t aware what her tax cut would be, but has since worked out she will save around $2,000 a year. Pring, originally from Ballarat, is a graphic designer who recently left a full-time gig at a real estate firm that paid about $50,000 annually for a better paying position.Grant, originally from Norfolk Island, works close to full-time hours in childcare, but is officially classified as a part-time employee who earned about $60,000 over the past year.

 

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