Originally Posted by ABCDiamond

Their statement was obviously quoting the net tax take %.

Originally Posted by COF

So I guess you could say on balance Australian tax rates are somewhat lower than the UK but not massively?

Originally Posted by ABCDiamond

Average Earners

Originally Posted by ABCDiamond

Milk: 2 Litres Own Brand
Tescos: Own Label Whole Milk 2.272Ltr/4 Pints £1.55 = A$2.48
Woolworths: Homebrand Milk Whole Bottle 2L $2.24
Oops not that one...

Cadburys Milk Tray
Tesco: Cadburys Milk Tray 200G £3.99 = A$6.38
Woolworths: Cadbury Milk Tray 200g $6.99
Not that one either...

Rice 2KG
Tesco: Own Label Long Grain Rice 2KG £2.43 = A$3.89
Woolworths: Homebrand Rice Long Grain 2kg $3.18
Nor that....

When people make statements such as the above, they should give some examples, such as the above that I did.

I have quoted Woolworths prices in Australia, even though I feel they are more expensive than other options. But they are easier to locate the current prices.

Originally Posted by bcworld

Well it seems obvious that the confusion seems to arise from the Australian figure for net tax take being compared with the marginal tax rate in the UK for a given income...apples & oranges...hence the title of the thread.

Originally Posted by jimbo_d

So UK top tax is in fact 61%!!!!!!! that's bloody mental and a hark back to the 70's.

Originally Posted by ABCDiamond

Not far off, 0.2% difference

Originally Posted by jad n rich

Exactly.

Besides, as I made the point before how can anyone compare NI with medicare, hardly the same benefits at all, for a start one covers your pension and one doesnt.

Originally Posted by COF

Thanks for that. So if the average Australian earns $70,000 a year, then they're going to be paying something like 15-21% income tax?

Originally Posted by jad n rich

Have you looked at the ATO site, once you earn over $37,000 the rate up to the $80,000 bracket is about 30% not 15 or 21%.