They handed down the Budget. Here’s your share of the $786.6 billion bill.
What do you earn?
Your gross salary or wages for the year, before tax.
What you spend on goods and services.
Profit from a business you own.
Your profit from selling a business you built, shares, property or another asset.
The cost base is indexed up 3% a year for inflation before tax is worked out.
Tax basis. Resident income tax on 2026-27 post-Budget rates, plus the 2% Medicare levy, the new minimum 30% effective tax on capital gains, the company tax rate, and GST. Spending shares use the 2025-26 Budget. The 10-year and 30-year columns assume today’s tax level, held flat.
This tool gives general information only. It is not tax or financial advice — talk to a registered tax agent about your own situation.
Can you balance the budget?
Anyone with half a brain cell can.
Who won, who paid
This section is opinion and commentary on the 2026 Budget — one reading of who wins and who loses. Reasonable people will disagree. It is not tax or financial advice.
Everybody wins.
One flat tax. A balanced budget. An Australia worth building in.
The problem
Australia taxes the people who stay. Bracket creep lifts your rate every year. The tax code gets longer. And the people who can leave do. Founders. Investors. Skilled grads. They take their ideas and their money to Singapore, Dubai and the US. You can’t tax your way to growth. Squeeze the people on a salary hard enough, and the ones with options walk.
Five changes. That’s the whole plan.
One flat rate: 30%
Income. Company profit. Capital gains. All taxed at 30%. No brackets. No bracket creep. No penalty for a pay rise. A nurse and a mining boss pay the same rate on every dollar.
Scrap the nuisance taxes
Customs duties and tariffs. The luxury car tax. The wine equalisation tax. All gone, to $0. They raise little, quietly push up prices, and cost a fortune to collect.
Make the miners pay their share
A 2% federal mineral resources levy. A $1/GJ LNG export levy. We dig it up and ship it out once. The country that owns the ground should get paid for it.
Welfare that rewards work
JobSeeker set at $500 a fortnight. A real safety net. And the jump to a pay packet stays worth making.
An NDIS that lasts
$40,000 per participant, per year. Focused on the people it was built for. Funded so it’s still here in twenty years.
Everything else stays.
This isn’t austerity. Five changes. That’s it. Nothing else gets touched. Here’s what doesn’t move:
And it balances.
No deficit. No new debt for your kids. Revenue meets spending. Five changes, and the books add up.
Why everybody wins
Grow the country by making it one of the best places on earth to earn, build and invest. Not by taxing harder the people who didn’t leave.
“Everybody Wins” is an independent policy proposal and opinion, offered for public discussion. It is general commentary, not financial, tax, investment or legal advice, and not a recommendation to take any action. See the full disclaimer at the foot of the page.