{"id":1920,"date":"2012-05-02T05:47:51","date_gmt":"2012-05-01T19:47:51","guid":{"rendered":"http:\/\/www.philippinesentinel.org\/?p=1920"},"modified":"2012-05-02T05:47:51","modified_gmt":"2012-05-01T19:47:51","slug":"carbon-tax-to-impact-on-individual-thresholds-tax-rates-contributed-by-rafael-amoranto","status":"publish","type":"post","link":"https:\/\/www.philippinesentinel.org\/?p=1920","title":{"rendered":"Carbon tax to impact on individual thresholds, tax rates (Contributed by Rafael Amoranto)"},"content":{"rendered":"<p>In what was hailed as one of the biggest economic reforms in Australian history, Federal Parliament, on 8 November 2011, passed the carbon tax legislation to put a price on greenhouse emissions.<!--more--><\/p>\n<p>Implications <\/p>\n<p>The new law means several changes to personal income tax rates for the 2012\/13 period, according to Jo-Anne Hotston, Tax Director, Bentleys, and Director, Tax bytes.  \u2018So our current $6,000 tax-free threshold will actually be increased to $18,200 and that looks like quite good news. However, it\u2019s a case of what they\u2019ve given with one hand, they\u2019ve taken away with the other,\u2019 she said.<\/p>\n<p>The current 15% marginal tax rates will be increased to 19% and the 30% marginal tax rate will increase to 32.5% from 1 July 2012 and then be increased further to 33% from 1 July 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what was hailed as one of the biggest economic reforms in Australian history, Federal Parliament, on 8 November 2011, passed the carbon tax legislation to put a price on greenhouse emissions.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[33,49],"tags":[],"_links":{"self":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/1920"}],"collection":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1920"}],"version-history":[{"count":0,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/1920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}