Your Thoughts on Budget 08

Opinion

KEY POINTS:

• Send us Your Views on the Budget announcements

Finance Minister Michael Cullen has announced a three-year tax

cutting package, with workers on the average $45,000 wage taking home

an extra $16 a week from October.

His ninth Budget dropped the

bottom tax rate from 15 per cent to 12.5 per cent and raised the 33 per

cent and 39 per cent thresholds by $10,000 a year.

From October, the top tax rate will kick in for people earning more than $70,000 a year.

A couple with two children on the average household income

of $72,000 a year would be better off by $43 a week, including a raise

in Working for Families payments, from October.

Here is the latest of Your Thoughts on the Labour Government's 2008 budget: