TAX???????
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Join Date: Jul 2007
Location: pakistan
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TAX???????
Hello Every one,I have a question to ask.What is the total tax that a Pilot have to pay.Any percentage.Sorry for asking such absurd question.
TJ
TJ
Varies
its mea somene is not going to be very rich.Thanks bro.
Join Date: Aug 2005
Location: PPrune nominee 2011!
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If you earn 150k then say goodbye to half your paycheck
Check the ATO on the wage rates but here is something of a formula to work out
0 – $6,000
Nil
$6,001 – $25,000
15c for each $1 over $6,000
$25,001 – $75,000
$2,850 plus 30c for each $1 over $25,000
$75,001 – $150,000
$17,850 plus 40c for each $1 over $75,000
$150,001 and over
$47,850 plus 45c for each $1 over $150,000
Wreid tax system but it works
Join Date: Feb 2008
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Tax system
Even tax accountants have difficulty keeping up with the complexity of the Australian Taxation regulations. As far as personal income tax is concerned it should be made much simpler. Other countries can do it and provide better services than we receive. Hong Kong, for one, has a fixed percentage of income in relation to personal tax. There is a tax free threshold. Earnings above the tax free threshold attract, last time I checked, 15% of gross earnings regardless of the amount earned. No "bracket creep" and every taxpayer knows exactly what their tax payable will be. All we can do in Australia is stumble through doing our own return, or pay someone to prepare a return in the hope that they get it right. And that is just personal income tax. It is the hidden taxes which really hit the "back pocket nerve". 
