Davriellelouna@lemmy.world to Australia@aussie.zoneEnglish · 24 days agoThe biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversationwww.theguardian.comexternal-linkmessage-square21linkfedilinkarrow-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 · 24 days agomessage-square21linkfedilink
minus-squarestib@aus.sociallinkfedilinkarrow-up4·24 days ago@DavidDoesLemmy But you’re only paying that tax on the income above the threshold for that tax bracket. Rich people, and their dupes whinging about Australia’s “high taxes” can get in the bin. @HalfEarthMedic
minus-squareDavidDoesLemmy@aussie.zonelinkfedilinkEnglisharrow-up1arrow-down1·23 days agoYes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%
@DavidDoesLemmy
But you’re only paying that tax on the income above the threshold for that tax bracket. Rich people, and their dupes whinging about Australia’s “high taxes” can get in the bin.
@HalfEarthMedic
Yes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%