A person earning $250K pa pays $89,800 pa including Medicare levy. That’s 16.6 times more tax despite only earning 5 times as much income.
How have you arrived at this figure?
May I suggest anyone grossing $250k will have financial planner/accountant,insuring they pay as little as possible.
Its called tax minimisation,totaly legal,please dont use the calculator,use some common sence.
Raider
