On the flood levy

So, it seems there is some fuss at the moment about the flood levy, so I thought I’d whip up a quick graph of how much we’re all going to have to pay to rebuild some bigish bits of Australia. Here it is:

One of my spreadsheet formulas was wrong. I’ve now fixed that.

So, we’re asking someone earning half a million dollars a year to pay around $2,250 $6,250 more for a single year. That doesn’t sound too bad to me.