4 Jun
2013
4 Jun
'13
9:45 a.m.
Pidgorny, Slav (GEUS) wrote:
Don't equate salary and net worth. BillG's 70+ billions is that he's not made his income yet.
Hence "oversimplification", though I daresay one of those other taxes I know nothing about (capital gains?) ought to apply.
How do you reduce your tax to just 21%?
By being poor? | 0 - $18200pa nil tax | $18201 - $37000 19c per dollar over $18201 | $37001 - $80000 $3572+32.5c per dollar over $37000 So e.g. if your salary is $20k/ann, that's 0.19*(37k-18k2) / 20k = 9%. Easy.