Curious about how the much-discussed and finally announced carbon tax for major polluters will impact on your household? The government’s official Household Assistance Estimator will give you a rough idea.
As the calculator is at pains to point out, it matches people to one of 43 common scenarios for Australian households, so it won’t be a precise figure. However, it will give you some idea of how changing prices and compensation models (both through changes to the tax system and compensation payments for lower income earners) will affect your overall take-home income. Note also that assistance packages for those who are eligible won’t become available until May-June 2012, ahead of the planned rollout of the tax on July 1, 2012.