

You’re confusing effective tax rate with marginal tax rate.
You’re confusing effective tax rate with marginal tax rate.
Marginal tax rate is the tax rate you pay on each additional dollar earnt. The fact that the Australian government hides some of the taxes doesn’t mean you don’t pay them or that they’re not part of the marginal tax rate.
Oh sorry. Compared to USA at least. The top tax bracket starts much lower in Australia
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58.57% tax rate per my calculations. That’s not including GST.
45% income tax, plus 2% Medicare levy, plus the incremental tax added as you move from no div 293 to full div 293. Plus you’re paying 10% GST on the things you buy. When you add all these together, earning an extra $100 can net you less than $50. You can see it when you play around with paycalculator.com.au
The highest marginal tax rate for income earners is over 50%. And it takes effect at much lower incomes than other comparable countries.
Increasing the GST would cause double taxation, as people who earnt money at a higher income tax rate then spend that money at a time when there’s a higher consumption tax.
Sounds like you have an axe to grind with gen AI.
AI is an umbrella term that covers many things. Why would we stop using it?
So we all go back to the country our ancestors were in 500 years ago? Tear down all the cities and towns? Rip up the roads? Unfortunately I don’t think we can undo colonialism
You can usually pick up last year’s model for a major discount and it’s often not much different to the current model.
A lot of people doing their own research
The Australian people have had access to it. Property is theft.
True, but from his alleged preferences, I’m not sure where he would catch anything from.
You’re arguing against something I never said. I’m against the death penalty. I just don’t think taking someone’s licence necessarily solves the problem.
Many criminals still drive even without a licence. Taking someone’s licence does not always solve the problem.
This sets a bad precedent for all. This land was here long before humans. No group should have exclusive rights to it.
Yes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%