Wow, i just got my payrise to $80k, didn't even know the tax changed at $80,001! i won't be doing much overtime this year.

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They shall grow not old, as we that are left grow old:
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them.

Lest we forget .

On a scale of 1 to 10, I like boobies like a 9000.

Agreed. I always think about this as well as it affects my household budget.
Maybe not such an issue if you are young and single, but I have a family, mortgage, school fees, etc to consider.

Thankfully I am still under the $180,000.

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[COLOR=RoyalBlue][B][I]Titanium Reinforced[/I][/B]
MY00 Impreza WRX | MY11 Liberty GT Premium[/COLOR]

My accountant states "you worry about making money; I'll worry about the tax".

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[COLOR=Black]Liberty GT Spec B tuned 240 HP & 372 Nm at the hubs.[/COLOR] "Instead of banning high performance cars - ban low performance drivers"

even if you earn $185k you will pay the higher rate ONLY on the $5k which you've earned over the $180k treshold

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Member of the 18-35 club and proud of it! (For another 5 years...getting old)

New toy has arrived, 1/4 mile in 11.2 sec and only 114hp!

Total lack of traction in the R32

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R32 GTR - 800ish

60.7 Long Track at Barbs
57.6 at RAC Reverse circuit.

I like your accountant!

Pete you are on the ball! The tax bracket applies to the amount over the threshold.

Why not? Earn more, pay tax. Still have more money.

It's 7c extra you have to pay for any monies received over $80k. Big whoop! You still have more money.

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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR]

haha, sorry, I hit the go button before entering the poking my tongue out smiley!

But trust me, earning over $180k shits on earning under $80k. I would hate to go back.

Good, but slightly dodgy accountants rock btw!

Ask for that in writting

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[SIGPIC][/SIGPIC]