Finally cost of living is very different. So while 80k salary doesn't seem rich in Australia and might seem low for the highest rate to kick in, it is a very high salary in Europe.
If you take all this into account, yes australia is a high taxing country.
Again, I have had a median salary here and a median salary in France. I paid more tax here and got less back.
And that's the whole point of ppl and CCR. It's recognizing that by giving working mums a helping hand to stay home for a bit when their bubs are born .... And then work when their bubs are young and daycare is costly... Those women will be more likely to stay in the workforce long term without suffering big massive dints to their income levels.
Its a bit of a helping hand now, won't last forever and in the long run it will result in increased tax revenue, productivity and less costly social issues due to gender inequality issues. Short term tax payer pain for long term everyone gain.
Make it harder for women to go back to work in those early years and women will drop out altogether or go back later on when their skills are so out of date the can only earn an entry level wage. The economy loses skills and productivity and women lose income (which can generate a whole heap of follow on issues).
i don't see it like that but see a lot of people making comments like that.
I have worked since I was 14 and 9 months. I've paid a ship load of tax. But I never think about what is in it for me. Yep, my ftb at the end of the financial year is a huge bonus, but I never think to myself that I've been paying taxes that I deserve something. I've had 3 babies in public hospitals, been to public school, etc. that everybody's taxes have paid for.
Reward people for effort - they won't work if there is no benefit. Goes for low, middle and higher income earners.
delirium was correct. Its a tiered system. It gets my goat when someone says 'i earn 200k, so pay 50%tax because im in the highest bracket'.not true. Every single australian pays no tax on the tax free thresh hold amount (about 8k?), then the tax slowly goes up for every portion you earn in each bracket. More complicated, but extremely fair.
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