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Look at these tax rates
I can't believe anyone lives in Australia with these outrageous taxes.
Individual income tax rates Quote:
Economy adding 1200 jobs a day Quote:
http://www.theage.com.au/victoria/st...407-1d698.html Quote:
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Re: Look at these tax rates
Are your comments "tongue-in-cheek"? Because by my calculations, the Australian tax rate is about the same as that in the United States.
I calculated how much federal taxes I'd have to pay on my salary in Australia and it came out to almost exactly what I paid in all forms of federal taxes last year (income tax, social security and medicare). Can you state your persective on the relationship between Australia's tax rates and their unemployment rate? In my eyes, their tax rates are similar to that in the US, but the economic picture in Australia is much brighter than ours and Europe. I highly doubt their unemployment rate is closely related to their federal tax structure. Economies are so complex that we'd need to consider everything, and that would be a long, LONG list of factors. -Interest Rates -Tariffs in imports -population growth -Age of population -Is their economy self-sustaining? -Home prices relative to income -Supply of domestic natural resources To name but a few...the list would probably include hundreds of other factors, so you opening post is rather vague and pointless. |
Re: Look at these tax rates
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-Interest Rates - Low right now -Tariffs in imports - Nope -population growth - big -Age of population - Old -Is their economy self-sustaining? - Yes -Home prices relative to income - Loaded question -Supply of domestic natural resources* - plenty *Apart from all the floods and stuff |
Re: Look at these tax rates
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Someone making $100,000 in Australia would pay about $25k or 25% in federal taxes. A person making the same amount would pay about $25k in the US as well (including all federal taxes). Take a look at Australia's population and compare it to ours. Then look at poverty as a percent of their population and compare it to ours. Then we need to look at IMMIGRATION...and compare the US to Australia...it's just not as simple as you propose. |
Re: Look at these tax rates
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Re: Look at these tax rates
Income tax rates are one thing, but overall tax burden is another. The flip to this simplistic point would be to post high tax rates from a country that is in shambles. I guess that would probalby be all of western europe. :D
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Re: Look at these tax rates
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Immigrants make up 12.81% of the US population. Immigrants make up 19.93% of Australia's popullation. List of countries by foreign-born population in 2005 - Wikipedia, the free encyclopedia It all looks pretty simple to me. Plus, you don't hear much about Australians whining about how much income tax they're paying. Mostly you hear them talk about how happy they are. |
Re: Look at these tax rates
These rates are meaningless. If you want to make a comparison you should include the following.
Property tax? Do they have them? State Taxes? Do they have them? Sales Taxes? Do they have them? Excise Taxes? Do they have them? Municipal Taxes? Do they have them? County Taxes? Do they have them? What is the National debt of Australia relative of GDP? What is Budget deficit of Australia relative to revenue? |
Re: Look at these tax rates
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-State Taxes - Yes -Sales Taxes -Yes, GST Australia | Everything You Need to Know -Excise Taxes - Yes, booze, smokes, gasoline, etc -Municipal Taxes - No, as everything is covered by the States then the Feds -County Taxes - No, as Australia doesn't have Counties GDP was $1.2 trillion in 2009, the Budget deficit was $44 Billion. For more on the Aussie budget and how it is in a much better place than ours check out this: Budget 2010 | Federal Budget 10 - Australia Budget | The Australian |
Re: Look at these tax rates
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Pajamas Media The Doctor Is In: Infant Mortality Comparisons a Statistical Miscarriage Quote:
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Anti-immigration politician returns to forefront of Australian politics - Telegraph I came across this (which I thought this was an interesting read) and it made me think of this thread. How I lost faith in multiculturalism | The Australian Quote:
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