Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Australia's Tax System #cpa #australia #accounting #incometax #freedom #finance #money #planning. That video is uploaded by Onlyfinance at 2024-03-08T23:32:43-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [ngRuz7DpEDY]
| Name | Australia's Tax System #cpa #australia #accounting #incometax #freedom #finance #money #planning |
| Video Uploader | Video From Onlyfinance |
| Upload Date | This Video Uploaded At 09-03-2024 07:32:43 |
| Video Discription | How does Australia’s Tax System actually work? Australia has a tax system with multiple tax brackets. As of the 2023 financial year, Australia's marginal tax rates range from 0% to 45%, depending on income levels. The rates increase progressively as income rises. For example, the highest marginal tax rate of 45% applies to income over $180,000, while lower rates apply to lower income brackets. Everyone benefits from what is called a tax free threshold. This basically means that the first $18,200 that you earn is tax free. The remaining income gets classed into respective tax brackets and gets taxed at those particular rates. Please see the link in the comments to find out more. Please note this is not Specific Advice. Please discuss this with your Tax Agent for advice relating to you. #tax #incometax #money #finance #wealth #cpa #freedom #australia #accounting #savemoney #smart #planning ngRuz7DpEDY |
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