Tax Insights Survey | Edition 1: 2025

In our latest Tax Insights Survey, we asked Australians how they felt about the Federal Government’s recent changes to income tax rates and thresholds — an area of policy that affects both individual and business financial planning.

Survey Results

With the adjustments to the Stage 3 tax cuts coming into effect, our survey responses reveal a strikingly even split in sentiment across the country:

27.4% strongly oppose the changes

23.9% are moderately opposed

24.8% strongly support the changes

23.9% are moderately supportive

This near-even divide highlights just how nuanced the national conversation around tax reform has become.

What’s behind the divide?

The adjusted tax settings were intended to deliver more equitable benefits across income levels, but our results suggest a lack of consensus on whether these changes hit the mark. Those in opposition may be concerned about long-term economic implications, bracket creep, or a perceived lack of benefit to middle- and higher-income earners. On the other hand, supporters may be welcoming the increased relief for lower-income earners and a shift toward greater tax fairness.

These insights highlight the varied ways Australians are responding to the challenges of rising interest rates, underscoring the importance of proactive tax planning in managing financial resilience.

What this means for tax planning

Whether you're in favour or against the new settings, one thing is clear: Australia's tax landscape continues to evolve, and proactive planning is essential. Business owners, investors, and wage earners alike may need to re-evaluate their strategies in light of the updated thresholds.

At RSM, our tax experts can help you understand how the changes impact your specific circumstances and identify opportunities to optimise your financial position under the new regime.