Appendix B
Benefits for families

The tax cuts announced in the budget will significantly improve the incomes of families and individuals. For example, a single income family earning $40,000 with two or three children will benefit by $1,100 from the tax cuts.

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Improvements in disposable income from tax cuts in 2007-08 and 2008‑09

Table: Improvements in disposable income from tax cuts in 2007-08 and 2008-09

  1. Private income is from sources other than government transfer payments, such as earnings or from interest on savings. At lower private incomes, taxable income may be higher than private income because of taxable income support payments.

35 2007‑08 Budget Overview