Australians are losing more of their income to tax than in decades, new report shows Full-time workers’ average tax rates have also been steadily rising – with much of the tax burden falling on people in their mid-30s to 50s.

Australians are losing more of their income to tax than in decades, new report shows
theconversation.com/australians-...

🧵 New paper: How temporary COVID lockdowns permanently shifted work patterns in Australia 🇦🇺

A thread 👇

Link: drive.google.com/file/d/1KAf3...

Anyone got an explanation for this detour we took on a flight from London to Singapore today? Looks like we were avoiding northern Turkey.

Real Australian household disposable income per-capita (deflated by CPI and seasonally adjusted). Increasing steeply from 2000 to 2011, then flat to 2020, then high for 2 years, and returning to 2011-2019 levels in 2023. A small increase over the last 3 quarters.

Australian household incomes finally inching upwards again.

Looking for a postdoc opportunity? Want to work on intergenerational mobility? Looking to be in the land down under? Here is a great opportunity to consider working for @siminskipeter.bsky.social, @rkwilkins.bsky.social, Nathan Deutscher and myself:

#econsky

econjobmarket.org/positions?sh...

An update on Australian household disposable income per capita. Not much impact from the Stage 3 (July 2024) tax cuts evident in the September quarter.

*very much doubt it has happened

If it has happened before, it was before 1970. But I very much it has happened previously since federation.

We don’t have any household survey data (or tax microdata) after 2021-22 as yet. HILDA data for 2022-23 will come out in December. (I can’t report numbers yet, but I can tell you it will show big declines in real incomes.)

This is an extraordinary picture. It shows the measure of household income per capita used to produce the Henderson Poverty Line. The post-COVID decline has us at an average income level not seen since 2009.

Thanks Max!