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Pemalite said:

My average tax rate is 25%, marginal at 34.5% here in Australia.
Paid almost $25,000 in total tax this financial year... Or the equivalent to 17,000 USD.

That includes the 2% for the medicare levy to support our universal healthcare system. (I could save money and go private.. But rather support the system.)

Honestly it seems high, but there are so many benefits it actually evens itself out compared to other nations without social benefits like the USA.

Hoping I don't nudge the next tax bracket next year which will increase my marginal tax rate to 39%. - Probably gonna get near it at the very least with the pay rises.

So you got roughly $75k take home from a total of $100k? That’s basically the same in the US.



When the herd loses its way, the shepard must kill the bull that leads them astray.