The shift towards universal policies may seem fair, but it’s creating a system that gives to the wealthy at the expense of the poor.
Articles on effective marginal tax rates
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New research finds most Australians keep more than 60% of what they earn from an extra day’s work. Very few lose more than 80 cents in the dollar.
So high are childcare costs that on the fourth day or work per week a returning parent can face an effective marginal tax rate as high as 67%
Even after the changes in the budget the financial penalty facing mothers who work reaches 80%. And the changes are temporary.
Labor’s childcare policy would do more for the economy than either side’s proposed tax cuts.
Top contributors
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Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne
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Professiorial Fellow, The University of Melbourne
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Associate, Grattan Institute
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Social Policy Commissioner, Productivity Commission, and Adjunct Associate Professor, University of Tasmania
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Program Director, Housing and Economic Security, Grattan Institute
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Associate Professor in Economics, Queensland University of Technology
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University