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
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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: