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Message Subject Respond to this thread if you earn less than $60,000 a year and are surviving... I am doing a little experiment here to prove a point.
Poster Handle The Seeker
Post Content
Depends on income tax bracket.
[link to en.wikipedia.org (secure)]

Here, if you earn more than around the $87000 mark, you get hit hard.


$1 $18,200 Nil 0%
$18,201 $37,000 19c for each $1 over $18,200 0 9.65%
$37,001 $87,000 $3,572 plus 32.5c for each $1 over $37,000 9.65 22.78%
$87,001 $180,000 $19,822 plus 37c for each $1 over $87,000 22.78 30.13%
$180,001 and over $54,232 plus 45c for each $1 over $180,000 30.13 less than 45%
 
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