Part I You and your family
I will cut taxes — cut taxes — for 95 per cent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.
Barack Obama (1961 –)
From marriage and children right through to divorce, retirement and ultimately death, all families encounter many life-changing events. And in nearly all of these events, there are tax consequences along the way.
The Australian tax system offers a range of tax benefits including credits, refunds, offsets and bonuses to support families. Some people feel ambivalent about putting their hand out for government entitlements. But ...