Marginal tax rate is the tax rate you pay on each additional dollar earnt. The fact that the Australian government hides some of the taxes doesn’t mean you don’t pay them or that they’re not part of the marginal tax rate.
Marginal tax rate is the tax rate you pay on each additional dollar earnt. The fact that the Australian government hides some of the taxes doesn’t mean you don’t pay them or that they’re not part of the marginal tax rate.
stib@aus.social 5 days ago
@DavidDoesLemmy
But you're only paying that tax on the income above the threshold for that tax bracket. Rich people, and their dupes whinging about Australia's "high taxes" can get in the bin.
@HalfEarthMedic
DavidDoesLemmy@aussie.zone 5 days ago
Yes, I understand. My comment was about marginal tax rate. It is true that marginal tax rate can go up to 58%