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Michaelirish

24,817 Posts.

490

10/05/16

15:57

Post #: 17726034
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Originally posted by Lapdog ↑

Michaelirish, your representation of what you heard on Q&A last night bears no resemblance to the facts.

Someone earning $80,000 a year is required to pay income tax of $17,547 plus 37c for each $1 over $80,000!

If that panelist claimed he paid NO TAX he should have explained how he manages to reduce his tax obligations to the tax-free threshold of $18,200 or below.

https://www.ato.gov.au/rates/individual-income-tax-rates/

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He admitted he paid no tax
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