In Australia, foregone We compare the tax declarations of individuals who tax revenue from concessions associated with experience a change in their cap from one year to the voluntary contributions, and compulsory employer next to the declarations of individuals in adjacent birth contributions, is estimated by Treasury to be $21 cohorts who experience no cap change over the same billion in 2021-22,. [...] Our High contributors reduce their total taxable income estimates indicate that high contributors reduce their in response to decreases in the cap, indicated by a total contributions by $6,750 (19%) on average in positive correlation between cap changes and the response to a $25,000 decrease in the cap. [...] The decline in taxable income results from a reduction in reported income from employment sources – wages and business income – with no change in unearned income or deductions. [...] Supporting this interpretation, we find between annual cap changes and corresponding no evidence that the effects on income are driven annual changes in the amount of income tax paid by by individuals shifting income to their spouse (who high contributors. [...] In 2012-13, to comply with the decrease in the cap from $50,000 to $25,000, she reduced the amount she salary sacrificed by $10,000, which automatically increases her taxable income by $10,000.
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