This tax raise?
Emphasis first:
...a taxpayer with $200,000 in taxable income would pay about $192 more a year.
The proposal lifts the rates on the two highest existing brackets by two percentage points and adds a new top bracket. Taxable income from $190,405 to $265,545 would be taxed at 18.8 per cent, up from 16.8 per cent.
Income from $265,545 to $1 million would move from 20.5 per cent to 22.5 per cent. Income above $1 million would face 24.5 per cent.
Each rate applies only within its bracket. Everyone keeps the current rates on their first $190,405. Daily Hive calculated that a taxpayer with $200,000 in taxable income would pay about $192 more a year.