How income tax rates in the US compares to the
tax rates in Australia? Apparently we have better tax rates here in the US:
Marginal tax rates for 2012 in the US
Marginal Tax Rate |
Single |
Married Filing Jointly or Qualified Widow(er) |
Married Filing Separately |
Head of Household |
10% |
$0 – $8,700 |
$0 – $17,400 |
$0 – $8,700 |
$0 – $12,400 |
15% |
$8,701 – $35,350 |
$17,401 – $70,700 |
$8,701 – $35,350 |
$12,401 – $47,350 |
25% |
$35,351 – $85,650 |
$70,701 – $142,700 |
$35,351 – $71,350 |
$47,351 – $122,300 |
28% |
$85,651 – $178,650 |
$142,701 – $217,450 |
$71,351 – $108,725 |
$122,301 – $198,050 |
33% |
$178,651 – $388,350 |
$217,451 – $388,350 |
$108,726 – $194,175 |
$198,051 – $388,350 |
35% |
$388,351+ |
$388,351+ |
$194,176+ |
$388,351+ |
Marginal Tax Rates for 2012 in Australia
Taxable income |
Tax on this income |
0 - $18,200 |
Nil |
$18,201 - $37,000 |
19c for each $1 over $18,200 |
$37,001 - $80,000 |
$3,572 plus 32.5c for each $1 over $37,000 |
$80,001 - $180,000 |
$17,547 plus 37c for each $1 over $80,000 |
$180,001 and over |
$54,547 plus 45c for each $1 over $180,000 |
Anybody still want to live in Australia? :))