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USA,UK, Australia- Which of the countries have low tax on their people's?


2005.rajaram 26th Jul, 2019
Answer (1)
Shreyansh Agarwal 26th Jul, 2019

IN comparing all these countries, namely the US, UK and Australia.


INCOME TAX TABLE FOR USA ==

FEDERAL TAX BRACKETS 2018 – 2019
Single Filers Tax Rate
$0 – $9,525 10%
$9,526 – $38,700 12%
$38,701 – $82,500 22%
$82,501 – $157,500 24%
$157,501 – $200,000 32%
$200,001 – $500,000 35%
$500,001+ 37%



INCOME TAX TABLE FOR UK==

Band Taxable income Tax rate
Personal Allowance Up to £12,500 0%
Basic rate £12,501 to £50,000 20%
Higher rate £50,001 to £150,000 40%
Additional rate over £150,000 45%



INCOME TAX TABLE FOR AUSTRALIA ==


Resident tax rates 2019–20

Taxable income

Tax on this income

0 – $18,200

Nil

$18,201 – $37,000

19c for each $1 over $18,200

$37,001 – $90,000

$3,572 plus 32.5c for each $1 over $37,000

$90,001 – $180,000

$20,797 plus 37c for each $1 over $90,000

$180,001 and over

$54,097 plus 45c for each $1 over $180,000



NOW BY COMPARING ALL THESE, FOR LOW-INCOME PEOPLE, ( LESS THAN 15000 USD) AUSTRALIA AND UK WILL BE PREFERRED

FOR WEALTHY PEOPLE( INCOME ABOVE USD 100000) USA SHOULD BE THE PREFERENCE


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