Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year
that’s gross remember. It’s defs good money but it’s 110k ish annually. If you’re on 50k gross you’re getting 44ish annually? so it’s 2.5 times your income.
Although a lot of people earning that much assuming they’re not sole income for a family can probs afford tax minimising shenanigans though.
Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you’re laughing though.
Rent is way more than half my income. If I had an extra $100,000 a year I’d be set for life.
that’s gross remember. It’s defs good money but it’s 110k ish annually. If you’re on 50k gross you’re getting 44ish annually? so it’s 2.5 times your income.
Although a lot of people earning that much assuming they’re not sole income for a family can probs afford tax minimising shenanigans though.
Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you’re laughing though.