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    How Will The Carbon Price Affect You? Two Dependents, Aged 8-12 and 13-17

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    ABC News Online
    This document shows the impact of a carbon price on households with different income levels in Australia. It outlines taxable income, disposable income, increases in government payments, gains from tax reforms, total government assistance, average cost of living impact of the carbon price, and the percentage of that impact offset for single parent households with two dependents, across income levels from low to high. For most low and middle income households, the total government assistance offsets over 100% of the carbon price impact. For higher income households, the offset decreases such that it is only 1-49% for incomes over $130,000.

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    How Will The Carbon Price Affect You? Two Dependents, Aged 8-12 and 13-17

    Uploaded by

    ABC News Online
    623 views1 page
    This document shows the impact of a carbon price on households with different income levels in Australia. It outlines taxable income, disposable income, increases in government payments, gains from tax reforms, total government assistance, average cost of living impact of the carbon price, and the percentage of that impact offset for single parent households with two dependents, across income levels from low to high. For most low and middle income households, the total government assistance offsets over 100% of the carbon price impact. For higher income households, the offset decreases such that it is only 1-49% for incomes over $130,000.

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    How will the carbon price affect you? Two dependents, aged 8-12 and 13-17

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    This document shows the impact of a carbon price on households with different income levels in Australia. It outlines taxable income, disposable income, increases in government payments, gains from tax reforms, total government assistance, average cost of living impact of the carbon price, and the percentage of that impact offset for single parent households with two dependents, across income levels from low to high. For most low and middle income households, the total government assistance offsets over 100% of the carbon price impact. For higher income households, the offset decreases such that it is only 1-49% for incomes over $130,000.

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    623 views1 page

    How Will The Carbon Price Affect You? Two Dependents, Aged 8-12 and 13-17

    Uploaded by

    ABC News Online
    This document shows the impact of a carbon price on households with different income levels in Australia. It outlines taxable income, disposable income, increases in government payments, gains from tax reforms, total government assistance, average cost of living impact of the carbon price, and the percentage of that impact offset for single parent households with two dependents, across income levels from low to high. For most low and middle income households, the total government assistance offsets over 100% of the carbon price impact. For higher income households, the offset decreases such that it is only 1-49% for incomes over $130,000.

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    Download as PDF, TXT or read online from Scribd
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    of 1

    Single parent

    Two dependants, aged 8-12 and 13-17

    Private income

    Taxable
    income before
    carbonprice

    Disposable
    income before
    carbon price

    Increases in
    Australian
    Government
    payments

    Gains from
    taxreform

    Total
    Australian
    Government
    assistance

    Average cost of Percentage of


    living impact
    impact offset
    of carbon price

    Low income households


    $0

    $13,316

    $30,108

    $482

    $0

    $482

    $322

    120% +

    $5,000

    $16,622

    $33,414

    $482

    $0

    $482

    $350

    120% +

    $10,000

    $18,772

    $35,564

    $482

    $0

    $482

    $368

    120% +

    $15,000

    $20,772

    $36,889

    $482

    $663

    $1,145

    $378

    120% +

    $20,000

    $22,772

    $38,548

    $482

    $548

    $1,030

    $386

    120% +

    $25,000

    $24,772

    $40,248

    $482

    $468

    $950

    $394

    120% +

    $30,000

    $29,500

    $44,011

    $248

    $323

    $571

    $412

    120% +

    $35,000

    $34,500

    $48,081

    $248

    $303

    $551

    $432

    120% +

    $40,000

    $39,500

    $51,756

    $248

    $303

    $551

    $450

    120% +

    $45,000

    $44,500

    $54,597

    $248

    $303

    $551

    $460

    100% +

    $50,000

    $49,500

    $57,305

    $248

    $303

    $551

    $469

    100% +

    $55,000

    $54,500

    $59,530

    $248

    $303

    $551

    $476

    100% +

    $60,000

    $59,500

    $61,755

    $248

    $303

    $551

    $484

    100% +

    Middle income households


    $65,000

    $64,500

    $63,980

    $248

    $303

    $551

    $491

    100% +

    $70,000

    $69,500

    $66,285

    $286

    $266

    $551

    $499

    100% +

    $75,000

    $74,500

    $68,710

    $411

    $140

    $551

    $507

    100% +

    $80,000

    $79,500

    $71,135

    $536

    $16

    $551

    $517

    100% +

    $85,000

    $84,500

    $73,245

    $548

    $3

    $551

    $529

    100% +

    $90,000

    $89,500

    $76,259

    $424

    $3

    $427

    $547

    50 - 99%

    $95,000

    $94,500

    $79,334

    $424

    $3

    $427

    $566

    50 - 99%

    $100,000

    $99,500

    $82,409

    $424

    $3

    $427

    $584

    50 - 99%

    $110,000

    $109,500

    $85,931

    $424

    $3

    $427

    $605

    50 - 99%

    $120,000

    $119,500

    $89,028

    $351

    $3

    $354

    $624

    50 - 99%

    $130,000

    $129,500

    $95,178

    $256

    $3

    $259

    $661

    1 - 49%

    $140,000

    $139,500

    $101,328

    $156

    $3

    $159

    $700

    1 - 49%

    $150,000

    $149,500

    $107,478

    $56

    $3

    $59

    $741

    1 - 49%

    $180,000

    $179,500

    $122,943

    $0

    $3

    $3

    $843

    $200,000

    $199,500

    $133,683

    $0

    $3

    $3

    $914

    High income households

    Supporting Australian households: Helping households move to a clean energy future

    21

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