It dawned on me that there's no easy way to know your actual tax

It dawned on me that there's no easy way to know your actual tax

It dawned on me that there's no easy way to know your actual tax rate.. like we all know our marginal tax rate, but they do make it hard to work out your actual tax rate.⁣ ⁣ So.. Decided to make a spreadsheet for a rough guide. ⁣ This calculation assumes you're a normal working person without access to Medicare, get access to the middle and low income tax offset, no Medicare levy surcharge and no senior Australian offset.⁣ ⁣ Key takeaway for me is that there's no need to setup a company to receive trust distributions until all your trusts beneficiary income is over 140k.⁣ ⁣ | Follow ⁣⁣ | Turn On Post Notifications⁣⁣ | Save To See Later⁣⁣ ⁣⁣

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