Budget Paper No 1: Statement 3
Chart 4: Impact of the 2018-19 Personal Income Tax Plan and the 2019-20 Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan measure on the tax-to-GDP ratio. Note: For the 2019-20 Budget, a tax-to-GDP cap of 23.9 per cent is applied to these projections in 2029 30. ................
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