@[email protected] to [email protected]English • 3 days agoThe biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversationwww.theguardian.comexternal-linkmessage-square21fedilinkarrow-up129
arrow-up129external-linkThe biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversationwww.theguardian.com@[email protected] to [email protected]English • 3 days agomessage-square21fedilink
minus-squarestiblinkfedilink3•2 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-square@[email protected]linkfedilinkEnglish1•1 day 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%