Well the budget's out....and more far reaching than the conservative budget the forecasters were expecting.
Top rate of tax $150K, 30c per dollar up to $75k and cuts to tax to super!!
Might not be so attractive to holders of Great Southern and other tax effective investments and also negatively geared rental properties.
From what I've seen so far it looks reasonable. (Well as good as it could get without amy real tax reform!!). This is what Swan and Labor will have to argue but it's going to be hard for them with so many Aussies getting a windfall.