Sco-Mo knifes Ipswich with budget tax plan
MORE than 80% of people in the Ipswich seat of Blair will get no tax cut from the Federal Budget handed down by Treasurer Scott Morrison.
Mr Morrison announced the increase of the tax threshold of 37 cents in the dollar from an annual wage of $80,000 to $87,000, but figures from the parliamentary budget office reveal that 81% of people in Blair will get no tax benefit from that.
That means 56,762 people in the Ipswich seat will get no tax cut.
The average income per person in the seat of Blair is $49,671.
The Coalition has removed the deficit levy on high income earners, meaning those who earn $1 million a year will get a $16,750 a year tax cut, a tax benefit that represents a third of the average wage of those in the seat of Blair.
Blair MP Shayne Neumann said Ipswich people had "every reason to be very unhappy with this budget" after considering a breakdown of figures as they relate to Ipswich.
"If you are a single pensioner you will be $366 a year worse off and a couple on a pension will be $550 worse off," Mr Neumann said.
"Why? Because they are getting rid of the energy supplement. This is after 330,000 pensioners had their pension cut because of a change in the asset test.
"A single income couple on $87,000 with two kids in primary school get a $315 tax cut but lose an $860 school kids bonus, lose $1806 in family tax benefit A and B because you lose the supplements, and lose $124 in the energy supplement.
"So they are $2475 worse off a year."
Mr Neumann said an Ipswich couple on $50,000 a year with two children in Ipswich State High would gain $525 from the fortnightly increase to family tax benefit A, but would lose $1712 in the school kids bonus and $1453 in family tax benefit A into their supplement, along with $234 in the energy supplement.
"So they are $2874 worse off and get no tax cut," he said.
"If you are a sole parent, a mum with an income of $65,000 who sends your two kids to Bremer State High (for example), you get a $525 increase from your fortnightly increase to family tax benefit A but you lose $1712 in the school kids bonus, you lose $1806 in family tax benefit A and B at the end of year supplements, you lose $1785 in family tax benefit B and you lose $285 in the energy supplement.
"You are $5063 worse off a year. That is fundamentally unfair.
"Cost of living pressures will accelerate in our community.
"The $100,000 degree for universities is still in the budget. There is no fairness in this budget.
"There are $29 billion in cuts to education, over $2 billion in cuts to health, $1.2 billion in cuts to aged care, cuts to veterans hospitals and you've got the GP tax continuing by stealth by the freezing of indexation, so people are going to be charged more to go the doctor. Yet there are tax breaks for banks and multi-national companies and a tax cut to the top end of the town. This budget ignores vulnerable Australians."
Mr Neumann was yesterday appointed Shadow Minister for Northern Australia, to go with his shadow portfolios of Indigenous affairs and ageing.