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rowan · 05-22-2003, 12:01 AM

3% tax?!? In Australia, every dollar over $AUD60,000 (around $USD39,000) gets taxed 47%.

If you're a millionaire that $60k is relatively insignificant, so you are effectively being taxed almost half of your earnings.

05-22-2003, 12:01 AM
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	3% tax?!? In Australia, every dollar over $AUD60,000 (around $USD39,000) gets taxed 47%. If you're a millionaire that $60k is relatively insignificant, so you are effectively being taxed almost half of your earnings.