


| Politics live: Turnbull govt confronts spies, lies and refugees |
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9:35am The Turnbull government would have you believe the top income tax rate, if Labor had its way, would be 49.5 per cent. "The total rate paid by a high earner on $200,000 is nothing like 50 per cent. The first $18,200 isn't taxed at all because of the tax-free threshold, the next $18,000 is only....
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