Monday, April 15, 2013

Tax Rates, Cheap Dates and Ciggies

The top marginal tax rate and the point at which it kicks in matter most when considering income taxes. Also important is the fact that the rate is marginal meaning you don't pay this rate for all your income, but for the income above a certain threshhold.

CNN Money has a great chart on top tax rates and the level they kick in. (h/t Leith van Onselen)

Once again let's be clear, Australians are not highly taxed.

While we're not highly taxed, the cost of living in Australia is at the top of the global scale. Deutsche Bank has a cheap date index, which ranks Australia at the top of the scale.

This cheap date would be considerably more expensive if you and your date were to smoke Marlboros.

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