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PRESS RELEASE - Tax Savings for Families
PRESS RELEASE
26 January 2025
Couples with children would be allowed to split incomes and jointly file tax returns under a One Nation policy launched in Adelaide today by Senator Pauline Hanson.
Senator Hanson said the proposal sought to remove the disadvantage experienced by wage income earners with families, or couples considering whether they can afford to start a
family.
“One Nation wants to give wage earning couples with families a choice to file tax returns separately or together,” she said. “In many cases it would save couples a considerable
amount of money in terms of their taxes, providing immediate and much-needed cost-of-living relief.
“It can also encourage couples to start families sooner because they can better afford it, and reduce childcare costs for the government by better enabling one partner to stay at home if they choose.
“Income splitting is permitted in Australia for business owners and in property transactions. One Nation wants to extend this to wage earners with children.”
One Nation’s lead Senate candidate for South Australia, Jennifer Game, said a couple in which one person earns $120,000 per annum and the other person nothing would be $9533
better off under the proposal.
“Income tax on $120,000 is $29,467 but income tax on two $60,000 incomes is $19,934,” Ms Game said. “Income tax on a couple in which one person earns $120,000 and the other
$30,000 is $31,709; under our proposal they could split incomes evenly ($75,000 each) and save $2022.
“One Nation will be taking a suite of practical measures to the Federal election to relieve costs for Australians and their families. Other countries such as the United States allow income splitting and joint filing. It’s time we caught up and provide greater choice to Australian taxpayers.”
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