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For a full discussion refer to post # 3 here [nb. the spreadsheet linked to that post refers to the income tax rates as they were in 2005]. Tax rates 2008-09 Taxable income - Tax on this income $0 – $6,000 - Nil $6,001 – $34,000 - 15c for each $1 over $6,000 $34,001 –...