wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,961
- Reactions
- 13,263
I heard that the tax rate for Australian is very high, about 50% if you include the insurance. That means you only take home half of your salary, is it true?
It's a bit hard to work out BREND.
Income tax is not that high, but there are hidden multi layers of taxation that I believe make the total tax take in excess of 50% of GDP.
I stand to be corrected on that, but that is what I read somewhere.