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> australian taxation is already one of the highest in the world. Where did you pull that from?
by theteapot 4y ago
> australian taxation is already one of the highest in the world.
Where did you pull that from?
- chii 4y agohttps://wisevoter.com/country-rankings/highest-taxed-countries/ https://wisevoter.com/country-rankings/highest-taxed-countri... Specifically i'm gonna call out income tax in australia : Income Tax Rate 45% Ranked in the World #17 > ... This means that Australians are paying a larger share of their wages in taxes compared with other countries.
- BigJono 4y agoThat site literally gives the overall tax rate as 28.68%, 42nd in the world. The US is 53rd, and the UK is 29th. The single figure of 45% is the highest tax bracket, which only starts at $180,000/year. Australia has a higher minimum wage than most countries, so a large proportion of the population are in minimum wage jobs. People on minimum wage here make ~$40k/year and pay around 14% tax. Not that any of that really matters if you're talking about government spending, since the overall tax rate is what determines government income, not what any individual person is paying.
- theteapot 4y agoNice try. 1. Income tax is just kind of tax. 2. 45% is the highest tax tier in a 5 tier system, paid on every dollar over $180K. 3. The same site you got "#17" from says Australia is ranked #42 the World for an overall "tax burden" statistic ...