The aim of this infographic is to illustrate the cost of tax cuts to Australia.
The infographic should be designed as a story that is composed of three parts. I will outline each of the three parts, it is up to you to make them fit together well in the graphic.
Part 1. Background on tax cuts.
Between 2002-03 and 2011-12 the top tax bracket has increased from $60, 000 to $180, 000. This means that in 2002-03 people who payed the most tax had to earn over $60, 000. Today people who pay the most tax have to earn over $180, 000. Visually representing this will allow people to understand what the tax cuts mean.
Part 2. The next part of the infographic should be about who benefited from the tax cuts.
The Australia Institute has worked out that the tax cuts benefited wealthy people far more than it did low income earners. The actual numbers on who benefited are attached as a separate document. The graph included in the separate document should be used as a basis for what is included in the infographic.
Part 3. The third part of the infographic is looking at how we could have spent the money that went towards the cost of the tax cuts. It will compare the annual cost of the tax cuts to the cost of key policy initiatives in Australia.
The annual cost of the tax cuts was: $40 billion (in this financial year)
Cost of Gonski (education reform): $14.5 billion over 6 years.
Cost of DisabilityCare (a national disability insurance scheme): $15 billion over 9 years.
Cost of increasing the Newstart Allowance by $50/week (an unemployment benefit): $1.8 billion/year.
Size of the deficit: $19.4 billion this financial year (the deficit is a big concern for a lot of people so it would be good to point out that the deficit could have been paid twice over of the tax cuts didn’t happen)
To see examples of past infographics that the Australia Institute has done see our tumblr page: