Davriellelouna@lemmy.world to Australia@aussie.zoneEnglish · 1 month agoThe biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversationwww.theguardian.comexternal-linkmessage-square20fedilinkarrow-up131arrow-down11
arrow-up130arrow-down1external-linkThe biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversationwww.theguardian.comDavriellelouna@lemmy.world to Australia@aussie.zoneEnglish · 1 month agomessage-square20fedilink
minus-squareDavidDoesLemmy@aussie.zonelinkfedilinkEnglisharrow-up2·1 month agoMarginal 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.
minus-squareDavidDoesLemmy@aussie.zonelinkfedilinkEnglisharrow-up1arrow-down1·1 month agoYes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%
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.
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Yes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%
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