https://www.abc.net.au/news/2024-04-26/australia-income-tax-rate-changes-oecd-ta...





By business reporter Kate Ainsworth
Posted 5h ago


    In short:


    Although Australians spent 24.9 per cent of their average wage on income tax, data shows it is below the OECD average of 34.8 per cent.

    What's next? The Stage 3 tax cuts will come into effect from July 1 this year.

Australia recorded the biggest increase to average tax rates in the developed world last financial year due to bracket creep and the end of a tax offset that disproportionately affected low- and middle-income earners.

Data released by the Organisation for Economic Cooperation and Development (OECD) on Thursday showed Australia's average tax rate increased by 7.6 per cent in financial year 2022-23 — the largest out of the 38 countries in the OECD.

The figures, published as part of the OECD's annual Taxing Wages report, showed a single Australian without children earning the average wage paid $24,791 in income tax, equivalent to 24.9 per cent of their gross wage.

The OECD said the 7.6 per cent increase occurred for two reasons: the end of a tax offset, and bracket creep.

If it's due to a one-off change, then comparing the rate of change of tax is meaningless Bobby.

Bobby. wrote on Apr 26^th, 2024 at 3:40pm:


Sure Bobby, that's exactly what I said.

freediver wrote on Apr 26^th, 2024 at 3:43pm:



https://www.goodreads.com/quotes/321469-in-the-end-the-party-would-announce-that...


“In the end the Party would announce that two and two made five, and you would have to believe it.
It was inevitable that they should make that claim sooner or later:
the logic of their position demanded it.
Not merely the validity of experience, but the very existence of external reality, was tacitly denied by their philosophy.
The heresy of heresies was common sense.
And what was terrifying was not that they would kill you for thinking otherwise,
but that they might be right.
For, after all, how do we know that two and two make four?
Or that the force of gravity works?
Or that the past is unchangeable?
If both the past and the external world exist only in the mind,
and if the mind itself is controllable—what then?”

― George Orwell, 1984

yep - Labor in action -
monster tax increases and our Fed Govt. debt has gone up too -
it's nearly $1.2 trillion now:

https://australiandebtclock.com.au/

Setanta wrote on Apr 26^th, 2024 at 7:42pm:



What?

Bobby. wrote on Apr 26^th, 2024 at 7:56pm:


-Labor in action-
-Labor inaction-

Nothing is usually the best we can hope a politician does.