Wealth Creation Blogs Worth Sharing.

With a federal election looming, the 2019/2020 Federal Budget aims to deliver tax cuts to low and middle income workers and small businesses, superannuation tweaks for older Australians, and energy assistance payments.   Keep in mind that a fair chunk of the below policies depend on the Coalition government winning re-election in May – although Labor has announced bipartisan support for some.  But here's what this year's Federal Budget essentially means for you.  Tax cuts for low- and middle-income earners.  The government aims to reduce taxes for low to middle income earners through additional targeted offsets that aims to benefit over 10 million Australians.  The big winners  from this year's federal budget are middle income workers earning between $48,000 and $90,000, who will receive an maximum tax cut of up to $1,080 for single earners. For a dual income family where two individuals earn in that range, the tax relief will total $2,160. ...