Australia's largest stock trading and investment forum Australia's #1 stock forum

SYA

Click for more information

12.9%

3.5¢ sayona mining limited

General Discussion Topics, page-104817

First 104817 Last

Share
Profile

Follow
Scrollonby

6,917 Posts.

1272

23/06/23

20:13

Post #: 68445073
Share

Originally posted by Vodski: ↑

Yes Able is right, you don't pay 45% on the whole gain guys, unless of course you are already earning over $180k a year as Scroll stated, in that case you obviously do pay the highest rate on the whole because it's based on your whole assessable income.

In this example, if your only income for the year was from capital gains and that was $200k, then yes you would pay $51,667 plus 45c per dollar over $180k (so $9000), so a total of $60,667 tax in total on the $200k.

Hope that explains it.

For your reference:

Taxable income
Tax on this income
0 – $18,200
Nil
$18,200 - $45,000
19c for each $1 over $18,200
$45,001 - $120,000
$5,092 plus 32.5 cents for each $1 over $45,000
$121,000 - $180,000
$29,467 plus 37 cents for each $1 over $120,000
$180,001 and over
$51,667 plus 45 cents for each $1 over $180,000

Expand

i quoted the 90k tax on 400k profit not 400k total profit and wage...

SYA Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

HAS

Hastings progressing Yangibana to production with lower costs

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

The iron ore comeback: Can it last?

There are more pages in this discussion • 39,314 more messages in this thread...

First 104817 Last

Add SYA (ASX) to my watchlist

(20min delay)
Last 3.5¢		Change 0.004(12.9%)		Mkt cap ! $380.8M

Open	High	Low	Value	Volume
3.2¢	3.7¢	3.2¢	$3.197M	93.24M

Buyers (Bids)

No.	Vol.	Price($)
53	16688598	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	5224089	37

View Market Depth

No.	Vol.	Price($)
54	16758611	0.035
26	12654757	0.034
30	18590720	0.033
29	9760369	0.032
35	10057370	0.031

Price($)	Vol.	No.
0.036	5589127	38
0.037	5620855	23
0.038	7679477	17
0.039	5666986	26
0.040	6915496	26

Last trade - 15.50pm 30/09/2024 (20 minute delay)

SYA (ASX) Chart