How Labor’s Stage 3 tax cuts will benefit women workers

One aspect of Labor’s amendments to the Stage 3 tax cuts that has received limited coverage so far is the differing impacts for workers by gender.

Shifting the substance of the tax cuts down the income scale was always going to benefit women more than men because women tend to earn less than men. The carefully edited and prepared Treasury “advice” released by the government yesterday (rest assured it is nothing like the actual Treasury advice provided to Treasurer Jim Chalmers and cabinet) provides some more detail.

According to the Treasury document, “Women make up the majority of individuals in the bottom five [income] deciles, while only 30% of individuals in the top decile are women.”