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Reply To: How can you avoid paying tax

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#809071
Anonymous
Inactive

I know most would laugh at this, but my dad says to me every year when I complain about how much tax I had to pay:

“If you’re paying tax, that means you’re making money, so stop complaining”

I suppose he is right.. Doesn’t mean I don’t try to claim as much as possible as a tax write off though. I’m pretty sure our personal taxes are close to, or just a little higher than New Zealand..

Edit:

I double checked and it seems ours a pretty high (especially for non residents):
Residents:

Taxable income Tax on this income
$1 – $6,000 Nil
$6,001 – $35,000 15c for each $1 over $6,000
$35,001 – $80,000 $4,350 plus 30c for each $1 over $35,000
$80,001 – $180,000 $17,850 plus 38c for each $1 over $80,000
$180,001 and over $55,850 plus 45c for each $1 over $180,000

Non Residents:

Taxable income Tax on this income
$0 – $35,000 29c for each $1
$35,001 – $80,000 $10,150 plus 30c for each $1 over $35,000
$80,001 – $180,000 $23,650 plus 38c for each $1 over $80,000
$180,001 and over $61,650 plus 45c for each $1 over $180,000