Debt levy to hit high income earners 20140429 p5s685.html – Breaking News & Latest Updates 2026
Advertisement
Advertisement
This was published 12 years ago

Debt levy to hit high income earners

AAP

Powered by

People earning more than $80,000 will be in the firing line if the federal government pushes ahead with a national debt levy.

Workers earning between $80,000 and $180,000 could be slugged an extra one per cent tax on their incomes for four years, News Corp Australia reports.

Those on incomes above $180,000 will pay an extra two per cent.

Advertisement

Australian Chamber of Commerce and Industry chief operating officer John Osborn opposes the idea of a levy to help pay down government debt.

"The government promised no surprises and no new taxes and a debt levy would be an unwelcome surprise," he told ABC Radio.

email icon

Contact us

Share a tip-off, video or photo with us

Most viewed in Australia

More to explore