Tuesday, May 14, 2024

Australians are not the highest taxed people in the world

 



Australia's average income tax rate of 24.9 per cent was the fourth-highest of the developed world, behind Denmark, Iceland and Belgium, and well above the 15.4 per cent average for the 38 OECD countries, the report showed.

........."Excluding social security contributions from income tax might help to make it look like Australians pay a high amount of income tax relative to others in the OECD, but it is not an accurate way to compare countries," Mr Grudnoff said.

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