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rowan · 04-24-2003, 09:29 PM

If you want to sell your site to avoid being knocked up into the next tax bracket, isn't a sudden burst of income from the sale going to do that anyway?...

In Australia you are taxed in teirs... going up into the next bracket just means you get taxed more ABOVE THAT AMOUNT, not for the total amount of taxable income. The top bracket is $AUD60k+ (about $USD36k) and you pay a whopping 47% above that. So you'll still get more net money out of $60,001 than you will out of $60,000.

Is this how it is in the rest of the world, or does the rate increase apply to the entire taxable income?

04-24-2003, 09:29 PM
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	If you want to sell your site to avoid being knocked up into the next tax bracket, isn't a sudden burst of income from the sale going to do that anyway?... In Australia you are taxed in teirs... going up into the next bracket just means you get taxed more ABOVE THAT AMOUNT, not for the total amount of taxable income. The top bracket is $AUD60k+ (about $USD36k) and you pay a whopping 47% above that. So you'll still get more net money out of $60,001 than you will out of $60,000. Is this how it is in the rest of the world, or does the rate increase apply to the entire taxable income?