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Roy Masters

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Posts: 5

Ace77

Legend

Joined: Sep, 2008

Posts: 30979

Posted: May. 20, 2010 - 12:02 AM ET #1

"The minimum superannuation he will pay is $16,000, reducing his income to $484,000. He will be taxed at 48.5 per cent, or $241,250, leaving him $242,750."

Oh dear Roy

What a ridiculous article

Ace77

Legend

Joined: Sep, 2008

Posts: 30979

Posted: May. 20, 2010 - 12:14 AM ET #2

Since when did Australia have a flat tax rate and since when was the highest tax bracket even 48.5%

norseman67

Captain

Joined: Mar, 2007

Posts: 7428

Posted: May. 20, 2010 - 1:18 AM ET #3

45% is the high end rate, so he's probably including other taxes to get that 48 figure.

Aussie Battler

Hall of Fame

Joined: Oct, 2006

Posts: 29184

Posted: May. 20, 2010 - 1:46 AM ET #4

He's just made up a 3.5% Medicare Levy surcharge

norseman67

Captain

Joined: Mar, 2007

Posts: 7428

Posted: May. 20, 2010 - 1:49 AM ET #5

Just like a politician

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