Gross vs Nett where you are... | FerrariChat

Gross vs Nett where you are...

Discussion in 'Other Off Topic Forum' started by ashsimmonds, Jun 8, 2006.

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  1. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    here's a little table i just put together to give an idea on what a salary is listed as, and what you actually get in your sky rocket at the end of the day.

    this is for australia. (note i have also deducted the 1.5% medicare levy, not applicable if you have private insurance, so allow a 1.5% margin of error)


    Code:
              gross                          nett                eff
     annual   week     hour    |  annual     week     hour    |  tax
    ------------------------------------------------------------------
      $30k     $577    $15.38  |  $24,690     $475    $12.66  | 17.7%
      $40k     $769    $20.51  |  $31,540     $607    $16.17  | 21.2%
      $50k     $962    $25.64  |  $38,390     $738    $19.69  | 23.2%
      $60k   $1,154    $30.77  |  $45,240     $870    $23.20  | 24.6%
      $70k   $1,346    $35.90  |  $51,250     $986    $26.28  | 26.8%
      $80k   $1,538    $41.03  |  $56,900   $1,094    $29.18  | 28.9%
      $90k   $1,731    $46.15  |  $62,550   $1,203    $32.08  | 30.5%
     $100k   $1,923    $51.28  |  $67,950   $1,307    $34.85  | 32.0%
     $125k   $2,404    $64.10  |  $80,825   $1,554    $41.45  | 35.3%
     $150k   $2,885    $76.92  |  $93,700   $1,802    $48.05  | 37.5%
     $200k   $3,846   $102.56  | $119,450   $2,297    $61.26  | 40.3%
     $250k   $4,808   $128.21  | $145,200   $2,792    $74.46  | 41.9%
     $300k   $5,769   $153.85  | $170,950   $3,288    $87.67  | 43.0%
     $400k   $7,692   $205.13  | $222,450   $4,278   $114.08  | 44.4%
     $500k   $9,615   $256.41  | $273,950   $5,268   $140.49  | 45.2%
    
    
     
  2. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
    Full Name:
    Neil
    My net is very gross!
     
  3. Westworld

    Westworld Three Time F1 World Champ
    Silver Subscribed

    May 18, 2004
    32,329
    I though Australia just cut it bu 2 percentage points. Isn't tax reform being heavily pushed by the public?
     
  4. Westworld

    Westworld Three Time F1 World Champ
    Silver Subscribed

    May 18, 2004
    32,329
    What is the "average tax" for the rich of England? How is England so wealthy?
     
  5. wax

    wax Five Time F1 World Champ
    Lifetime Rossa

    Jul 20, 2003
    52,453
    SFPD
    Full Name:
    Dirty Harry
    Mr. Echo, Psuedo Echo, Echo:

    How many dependents?
     
  6. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
    14,385
    adelaide, australia
    Full Name:
    Humble Narrator
    i have some headlice, i'd guess they qualify as dependent.
     
  7. pete04222

    pete04222 Formula Junior

    Nov 1, 2003
    613
    Maine, USA
    Full Name:
    Peter Cyr
    Claiming a few hundred dependents may raise a few eyebrows at the tax office.
     

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