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  1. Scott No Mates

    Where does the money go

    D_One - follow the linky: ATO Tax Tables Note that the tax rate applicable and the effective rate are two different things. If you are earning $200k you are not paying 45% on every cent you earn but 45% on the amount over $180k (+ medicare, HECS etc) Regards HECS: if you earn in excess...
  2. Scott No Mates

    Where does the money go

    AFAIK the maximum tax rate in Oz is 45% (based on the amount over $180, 000) + 1.5% medicare levy (+ up to 1.5% extra if you pay the surcharge). Are you on some bonus tax scheme as you're a good client of the ATO or haven't taken advantage of any of the advice available to you?
  3. Scott No Mates

    Where does the money go

    Do beer goggles get included in alcohol or reading material?
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