Quote Originally Posted by carlmaloschneider View Post
We have a thing here where you can 'claim' (or not claim) the 'tax free threshhold. Not sure what the system is over there but here you pay no tax on the first 19, 400 you earn, and thereafter it's bracketed (i.e. different percentages for different 'brackets' you earn (below). I don't 'claim' the tax free threshhold, so I pay 37c for every dollar I earn. I think they sort of work out how much you WILL earn (based on each pay) and work out how much tax to take out; generally factoring in the fact you will pay no tax on the first 37 grand. Basically I work it they take too much out of my pay all year, and i get it back at the end. I see it as 'forced savings' I don't miss it each F/N and can make plans for the end of the fin year. I probably haven't explained it very well...

I did like the classic Clubman when I had it; and as you say it's cheap, so maybe it'll be part of the mix?



0 – $18,200 Nil
$18,201 – $37,000: 19c for each $1 over $18,200
$37,001 – $80,000: $3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000: $17,547 plus 37c for each $1 over $80,000
$180,001 and over $54,547: plus 45c for each $1 over $180,000
Guessing there aren't many jobs posted at $80,002 lol!