46.5c in every dollar it is literally amazing how people even allow this
Right? And it's not JUST 46.5c in every dollar, it's $54,550 plus 45c for each $1 over $180,000
source:
http://www.ato.gov.au/individuals/content.aspx?doc=/content/12333.htm
Seriously, fuck that. That is so much money. you earn >180k, you're taxed 54,550 leaving you with only 125,450
before you're even taxed x amount in every dollar over 180k. Then there's mortgages, medicare, health fund, all that shit that you still have to pay. Fuck that.
I'm going to vote for the most capitalist party there is next election and when I have a job in statistics/finance i'm going to find a way to evade being taxed. Phony deductions, phony charaties, off shore accounts, you name it, I will have it.
edit: also, in these harsh economic times, you'd think the govt wouldn't be retarded enough to introduce a new tax when they need people to spend? nope. Labor govt, running the country into economic doom. Will be voting liberal next election. Just putting it out there.
spoken like a true Australian. Making me proud, shane squires.