Income tax bracket creep had been used to fund the package but bracket creep had not been used in the analysis of the after tax income various taxpayers would receive.
The solution will be to look at further cuts to concessionality in capital gains, superannuation, and negative gearing to partly offset some reduction in personal income tax bracket creep.
However, partially offsetting this advantage are the compressed income tax brackets for trusts that cause the investment earnings to reach the maximum income tax bracket when income exceeds $9,000$10,000 annually.
