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Re:Dan Price says raising min wage to $70k led to baby boom,... by dntrkv on Wednesday September 15, 2021 @03:10PM (#28543081)
...Yes I understand how they work, thank you very much.

In California, the highest possible tax rate on earnings, would be 50%.

In Australia that tax on the highest earnings would be 45%.

Nowhere did I claim that all your income is taxed at the same rate. I was replying to the quote "federal tax caps out at 37%" which ignores the significant 13% additional tax in CA.

Re:Dan Price says raising min wage to $70k led to baby boom,... by seanmcdirmid on Wednesday September 15, 2021 @03:23PM (#28543233)
You would have to be making $5,000,000 a year before you are paying 50% in California (see https://smartasset.com/taxes/california-paycheck-calculator#...).
Re:Dan Price says raising min wage to $70k led to baby boom,... by dntrkv on Wednesday September 15, 2021 @03:29PM (#28543307)
Sure, but that doesn't change the point of my comment which is that the income tax rates in some US states will actually exceed Australia's in higher earners.
Re:Dan Price says raising min wage to $70k led to baby boom,... by seanmcdirmid on Wednesday September 15, 2021 @03:48PM (#28543536)
Ya, if that is your point. Australian taxes ramp up faster, so low earners will pay more tax in Australia than in California. E.g. Australia making $50K USD/year will pay 17% in taxes (according to https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=ST..., don't forget to convert to AUD first), while a Californian will only pay 15%.
Re:Dan Price says raising min wage to $70k led to baby boom,... by ceejayoz on Wednesday September 15, 2021 @05:24PM (#28544563)
(If you ignore things like cost of healthcare and college.)
Re:Dan Price says raising min wage to $70k led to baby boom,... by seanmcdirmid on Wednesday September 15, 2021 @05:36PM (#28544684)
I thought healthcare was funded by a payroll tax in Australia. Are you claiming that they are funding it via income tax instead?

There is also an extra tax to pay for college that graduates (4 percent) pay if they make more than $39k (AUD I think, not sure what the basis that they have to pay is, however).

Both healthcare and college seem to be funded separately from income taxes.

Re:Dan Price says raising min wage to $70k led to baby boom,... by ceejayoz on Wednesday September 15, 2021 @06:51PM (#28545438)
I'm responding to "low earners will pay more tax in Australia than in California".
Re:Dan Price says raising min wage to $70k led to baby boom,... by seanmcdirmid on Wednesday September 15, 2021 @10:16PM (#28547157)
We were talking about income tax (apples), and you begin to talk about payroll taxes and something funded via an extra tax on college graduates (oranges).

It might be that overall the poor get a better deal in Australia. But surely it's not because of the income taxes (slightly higher than CA for low earners) or the consumption taxes (much much higher than CA). Maybe they get a better deal on health insurance and payroll taxes, plus the idea of paying for college via successful graduates is one that America should definitely consider adopting.