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  1. HotRod

    Where does the money go

    Either individual or company taxes I guess, depending the tax payer paying it. Thinking about it, where's the interest on the borrowings??? How much is that ATM??? The way I see things: Individual tax returns pay for Social security Company taxes pay for Health Sales tax pay for defence and...
  2. HotRod

    Where does the money go

    They are effective tax rates, not your marginal rates. I guess HECS will be the extra 2% on top of that?
  3. HotRod

    Where does the money go

    But not for the full $180K+ Use a tax calculator: $180K - 32.3% tax $200K - 34% tax $250K - 37% tax $300K - 40% tax $500K - 43% tax
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