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Surely income tax would only apply to additional income. e.g., the higher tax rates would apply only to higher brackets. e.g., 0% on first $20k, 30% on the nex
by prawn 11y ago
Surely income tax would only apply to additional income. e.g., the higher tax rates would apply only to higher brackets.
e.g., 0% on first $20k, 30% on the next $20k, 40% on the $60k after that, and so on.
I think in Australia, the tax-free threshold these days is around $12k.