Out of touch

In June 2016, an Australian on minimum wage earned $656.90 per week. That is $34,159 a year, before tax. According to the Australian Tax Office’s ‘simple tax calculator’, the tax owed would be $3030, leaving a take-home salary of $31,128. Let’s call it $600 a week.It’s fair to say that many of us would struggle to make ends meet on that income – $600 a week does not go very far in modern Australia.