Stage 3 tax cuts: How much money will you get?

Australians should see more money in their bank accounts at tax time, with the start of what’s called stage 3 tax cuts taking effect from this week. But this benefit is looking like it could be wiped out, and quickly, with new research showing that middle income earners will be paying more tax as early as 2025. Today, senior economics correspondent Shane Wright explains how much money you could see back in your pocket immediately. And why Australians could be paying more tax in just a couple of years.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.