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Wow US tax rates are low (compared to Australia at least).
by nopassrecover 17y ago
Wow US tax rates are low (compared to Australia at least).
- DanielBMarkham 17y agoThis varies heavily by location. Several percentage points or more. It would be a lot more in, say, New York or San Francisco, whereas it'd be a lot less in, say Tampa or Austin.
- nopassrecover 17y agoOkay cool. Australia doesn't have state taxes on income (see: http://en.wikipedia.org/wiki/South_Australia_v_Commonwealth http://en.wikipedia.org/wiki/South_Australia_v_Commonwealth). Instead states taxes tend to be particular levies for works or "stamp duty" on purchases (e.g. cars/houses). However, when I put the figures through using current exchange rates, AU income tax would be $14,352 US on that amount (around 29% compared to the original 21%) and our tax rates and thresholds have dropped quite significantly recently.
- whatusername 17y agoDon't forget the 10% GST/VAT on almost all purchases.
- johngunderman 17y agoWe have a heavily graduated tax system though, so looking at the taxes for only one income isn't very telling.