I do not think there would be to many 30 year olds that would be currently paying Tax at 40% odd !!
Turn the clock back to when many of us were paying that and more on amounts of $19k and above back in 80's and 90's .
https://atotaxrates.info/individual-tax-rates-resident/pre-2010-tax-rates/
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- Proposal to abolish refundability of Franking Credits
Proposal to abolish refundability of Franking Credits, page-406
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