was just perusing he new tax brackets and came across the 09/10 bracket from the ATO.
compared to Singapore......
this just blew me away..... and some people reckon i'm a cheat and a thief for minimising my income tax.
$0 – $6,000 Nil
$6,001 – $35,000 15% over $6,000
$35,001 – $80,000 $4,350 plus 30% over $35,000
$80,001 – $180,000 $17,850 plus 38% over $80,000
Over $180,000 $55,850 plus 45% over $180,000
compared to Singapore......
$0 – $20,000 Nil
$20,001 – $30,000 3.5c for each $1 over $20,000
$30,001 – $40,000 $350 plus 5.5c for each $1 over $30,000
$40,001 – $80,000 $900 plus 8.5c for each $1 over $40,000
$80,001 – $160,000 $4300 plus 14c for each $1 over $80,000
$160,001 – $320,000 $15,500 plus 17c for each $1 over $160,000
Over $320,000 $42,700 plus 20c for each $1 over $320,000
this just blew me away..... and some people reckon i'm a cheat and a thief for minimising my income tax.