With the growing cost of living, we'd all love to pay less in income tax. 

So why is there a growing number of people arguing against the so-called 'stage 3 tax cuts'? 

Today, the host of ABC Radio National Breakfast, Patricia Karvelas, explains the biggest shake up to income tax in decades, and how the wealthier you are the better you'll do. 

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Patricia Karvelas, host, ABC Radio National Breakfast