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