It’s shocking how high tax rate is in OZ compare US…
As someone who recently got their tax bill for last year I am somewhat envious of the US tax rates. However, the situation is a little more complicated than the actual chart shows since tax rates show an odd distribution.
For example if you are earning $1mil a year as a salary then you have a defined tax rate but if you are earning $10mil plus then the rate of tax paid by this group seems to drop precipitously.
It’s shocking how high tax rate is in OZ compare US…
As someone who recently got their tax bill for last year I am somewhat envious of the US tax rates. However, the situation is a little more complicated than the actual chart shows since tax rates show an odd distribution.
For example if you are earning $1mil a year as a salary then you have a defined tax rate but if you are earning $10mil plus then the rate of tax paid by this group seems to drop precipitously.