A minister has left the door open to a Budget tax raid on high earners after refusing six times to say whether they counted as “working people”. Look, our manifesto made it absolutely clear that we will not be raising national insurance, income tax or VAT on working people and that is the pledge that will be delivered.” Asked to …
Labor has backed Anthony Albanese's decision to break a key election promise as its MPs voted in favour of his planned changes to Stage Three tax cuts. Earlier Cabinet leaks revealed key parts of the Stage Three tax cuts most beneficial to high income earners above $180,000 would be scrapped. Leaked new Stage Three tax cuts Low-paid tax band reduced …
The White House is considering using income caps to exclude high earners, and those who took out loans for medicine and law degrees, from being eligible for student-loan relief. Biden dismissed the suggestion that could wipe out up to $1 trillion in federal debt but left the door open to a smaller relief sum to be decided in the 'next …
The pandemic economy pushed Southern California’s competitive housing market into such overdrive that a defining marker of wealth — the million-dollar home — has become the norm in a growing number of places. “I don’t even have two bathrooms,” said Alan Torres, a 35-year-old software engineer, who along with his wife, Vanya, recently paid $1.04 million for a two-bedroom, one-bathroom …
