07-24-2003, 04:50 AM
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Confirmed User
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
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Quote:
Originally posted by Joe Average
Australian tax Rates:
Tax Rates
Marginal Tax Rates
Individual Rates for 2000-2001 and subsequent years*
Taxable Income Tax Payable (Residents) Tax Payable (Non Residents)
$0-$6,000 Nil 29%>$0
$6,001-$20,000 $0+17%>$6,000 29%>$0
$20,001-$50,000 $2,380+30%>$20,000 $5,800+30%>$20,000
$50,000-$60,000 $11,380+ 42%>$50,000 $14,800+42%>$50,000
$60,001+ $15,580+ 47%>$60,000 $19,000+47%>$60,000
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if you're in this business and earning over 60k you should have a company.. because the corporate tax is much better, last I heard it was around 30% (I just know it's lower than New Zealand which is 33%)
and one thing often forgotten is sales tax.. most things you buy you're paying more tax.. GRRRRR |
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