lito

lmito

The Low Income Tax Offset (LITO) is a non-refundable tax offset to reduce ordinary personal income tax for low-income earners.
N.B. Since v2.0.0, <code>lito</code> only calculates the actual LITO, rather than
an offset with custom parameters. For such functionality, use (unexported) <code>Offset</code>.

Utilities to cost and evaluate Australian tax policy, including fast
projections of personal income tax collections, high-performance tax and
transfer calculators, and an interface to common indices from the Australian
Bureau of Statistics.  Written to support Grattan Institute's Australian
Perspectives program, and related projects. Access to the Australian Taxation
Office's sample files of personal income tax returns is assumed.

Hugh Parsonage

grattan

Australian Tax Policy Analysis

Tim Cameron

Brendan Coates

Matthew Katzen

William Young

Ittima Cherastidtham

W. Karsten

M. Enrique Garcia

Matt Cowgill

lito function

<dl><dt>income</dt>
<dd>The income on which the offset is applied.</dd>
<dt>fy.year</dt>
<dd>The financial year for which the LITO is desired.</dd></dl>

Arguments

Low Income Tax Offset — lito

<dl>

<dt>income</dt>
<dd>The income on which the offset is applied.</dd>


<dt>fy.year</dt>
<dd>The financial year for which the LITO is desired.</dd>

</dl>

Low Income Tax Offset

lito: Low Income Tax Offset

Description

Usage

Value

Arguments