All high earners to pay Medicare levy surcharge under budget proposal

By Peter Martin
Updated March 14 2017 - 9:53am, first published February 27 2017 - 3:43pm
Gough Whitlam and his social security minister, Bill Hayden, came up with an ingenious scheme. Photo: Brendon Thorne
Gough Whitlam and his social security minister, Bill Hayden, came up with an ingenious scheme. Photo: Brendon Thorne

All high-income Australians would pay the 1 to 1.5 per cent Medicare levy surcharge under a budget proposal that would raise a breathtaking $4 billion per year, more than six times the net amount saved in the first Turnbull budget.

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