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? :))
meh, that's nothing. Check australias knife laws. Yes, it's illegal to be in possession of a knife without a "reasonable excuse" Had to stash my leatherman wave in the tankbag of my motorcycle and, surprise, surprise, it got stolen. But hey countless cable ties, shrink wraps and apples were saved from my wanton brutality.
ReplyDelete