OZ TAX
Jan 8th 2011 | 8:21 am
#1
Thread Starter
Just Joined
Joined: Jun 2010
Posts: 21
OZ TAX
Hi there, please can someone clarify that the tax in OZ is 40% and if so after earning how much?
Thanks
Rachel
Thanks
Rachel
Jan 8th 2011 | 8:23 am
#2
Lost in BE Cyberspace
Joined: Feb 2009
Posts: 14,284
From: UK
Re: OZ TAX
That would be one punishing tax regime. It is not a flat 40% but it goes up to around that at some point.
http://www.taxcalc.com.au/
http://www.taxcalc.com.au/
Jan 8th 2011 | 8:31 am
#3
Thread Starter
Just Joined
Joined: Jun 2010
Posts: 21
Re: OZ TAX
OK thanks
Jan 8th 2011 | 9:34 am
#4
Forum Regular
Joined: Jun 2007
Posts: 273
Re: OZ TAX
Handy link. :-) thanks bermudashorts.
Jan 8th 2011 | 8:47 pm
#5
Guest
Posts: n/a
Re: OZ TAX
That would be one punishing tax regime. It is not a flat 40% but it goes up to around that at some point.
http://www.taxcalc.com.au/
http://www.taxcalc.com.au/
$400,000 would be 38%
$300,000 would be 36%
$200,000 would be 32%
$100,000 would be 25%
Then in real life ...
$50,000 = 17%
$75,000 = 21%
Jan 8th 2011 | 9:13 pm
#6
BE Enthusiast
Joined: Jan 2010
Posts: 816
From: Perth
Re: OZ TAX
Lol ABC the real world indeed
