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| The Bar For non Automotive Related Chat |
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11-07-2011, 02:43 AM
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Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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Lost in the fanfare from Carbon Sunday is that effective tax rates will be increased (now there is a surprise - Not).
Yes the tax free threshold has increased from $6,000 to $18,000 BUT From 18,001 to 37,000 the marginal rate has increased from 15% to 19% From 37,001 to 80,000 the marginal rate has increased from 30% to 32.5% Bottom line about a $35 increase in tax (assuming you earn over $80,000 pa) I thought I heard someone said "only the top 500 big polluters that were going to pay..." |
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FYI: Tax rates going up
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