Interesting that our top tax rate of 45% kicks in at $180,000.
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Interesting that our top tax rate of 45% kicks in at $180,000.
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It’s shocking how high tax rate is in OZ compare US…
As someone who recently got their tax bill for last year I am somewhat envious of the US tax rates. However, the situation is a little more complicated than the actual chart shows since tax rates show an odd distribution.
For example if you are earning $1mil a year as a salary then you have a defined tax rate but if you are earning $10mil plus then the rate of tax paid by this group seems to drop precipitously.