Re:Analysis finds Australia’s inflation being driven by comp...
by BigJono on Saturday February 25, 2023 @01:07AM
(#34934311)
That site literally gives the overall tax rate as 28.68%, 42nd in the world. The US is 53rd, and the UK is 29th.
The single figure of 45% is the highest tax bracket, which only starts at $180,000/year. Australia has a higher minimum wage than most countries, so a large proportion of the population are in minimum wage jobs. People on minimum wage here make ~$40k/year and pay around 14% tax.
Not that any of that really matters if you're talking about government spending, since the overall tax rate is what determines government income, not what any individual person is paying.
The single figure of 45% is the highest tax bracket, which only starts at $180,000/year. Australia has a higher minimum wage than most countries, so a large proportion of the population are in minimum wage jobs. People on minimum wage here make ~$40k/year and pay around 14% tax.
Not that any of that really matters if you're talking about government spending, since the overall tax rate is what determines government income, not what any individual person is paying.