Here's what the personal tax cuts from October are:
- Income up to $14,000 will be taxed at 10.5%, down from the current 12.5%
- Tax on income from $14,001 to $48,000 will be 17.5%, down from 21%
- Income from $48,001 to $70,000 will be taxed at 30%, down from the current 33%
- The top tax rate, on income over $70,000 will be cut to 33% from 38%