David

hi could someone please explain the taxes in australia. Please make it simple.

For example if i make $80,000 and have one dependent how much would be my tax
percent thanks

Alan Collett

Hi David.

Sadly the words "tax" and "simple" don't often go together.

But in answer to your question, at A$80k of income you will pay income tax of
A$24,980 and a Medicare Levy of A$1,200 - an effective rate of just under 33%. Every
additional $ of income will be taxed at 48.5%.

You may also be able to claim deductions and tax rebates against your income to
reduce the net tax payable.

There's more info on tax rates, etc at this webpage:
http://www.collettandco.co.uk/aussie_individuals.html

Hope this helps.

Alan C www.collettandco.com

David wrote in message ... hi could someone please explain the taxes in australia.
Please make it simple.

For example if i make $80,000 and have one dependent how much would be my tax
percent thanks

George Achim

On $80,000 you'll pay about $30,000 in tax and the fact that your partner works or
not is totally irrelevant. The highest tax bracket is 49%. "Alan Collett"
<[email protected]> wrote in message news:[email protected]...
    > Hi David.
    >
    > Sadly the words "tax" and "simple" don't often go together.
    >
    > But in answer to your question, at A$80k of income you will pay income tax of
    > A$24,980 and a Medicare Levy of A$1,200 - an effective rate of just
under
    > 33%. Every additional $ of income will be taxed at 48.5%.
    >
    > You may also be able to claim deductions and tax rebates against your
income
    > to reduce the net tax payable.
    >
    > There's more info on tax rates, etc at this webpage:
    > http://www.collettandco.co.uk/aussie_individuals.html
    >
    > Hope this helps.
    >
    >
    >
    > Alan C www.collettandco.com
    >
    > David wrote in message ... hi could someone please explain the taxes in australia.
    > Please make it simple.
    >
    > For example if i make $80,000 and have one dependent how much would be my tax
    > percent thanks

Axel Van Kampen

If your parther doesn't work, I thought you could claim a deduction as a dependant?

"George Achim" <[email protected]> wrote in message
news:[email protected]...
    > On $80,000 you'll pay about $30,000 in tax and the fact that your partner works or
    > not is totally irrelevant. The highest tax bracket is 49%. "Alan Collett"
    > <[email protected]> wrote in message news:[email protected]...
    > > Hi David.
    > >
    > > Sadly the words "tax" and "simple" don't often go together.
    > >
    > > But in answer to your question, at A$80k of income you will pay income
tax
    > > of A$24,980 and a Medicare Levy of A$1,200 - an effective rate of just
    > under
    > > 33%. Every additional $ of income will be taxed at 48.5%.
    > >
    > > You may also be able to claim deductions and tax rebates against your
    > income
    > > to reduce the net tax payable.
    > >
    > > There's more info on tax rates, etc at this webpage:
    > > http://www.collettandco.co.uk/aussie_individuals.html
    > >
    > > Hope this helps.
    > >
    > >
    > >
    > > Alan C www.collettandco.com
    > >
    > > David wrote in message ... hi could someone please explain the taxes in
    > > australia. Please make it simple.
    > >
    > > For example if i make $80,000 and have one dependent how much would be my tax
    > > percent thanks
    > >
    >