But in their new estimates, published last week, they say those super tax concessions will now cost the government $59.5 billion in 2025-26, which is $9.4 billion more than they were forecasting in January.
Would be chealer just to ditch Super and pay pensions? Or remove many of the tax concessuons anyway. That horse has bolted though I guess.
Earlier this year, the economist Chris Richardson said our super system was already acting like “a reverse Robin Hood” because it was taking money from poorer Australians and giving it to the rich.
Ahhh
With div 293, we essentially do tax super at marginal tax rate minus 15pp.