Lit­tle to com­plain about

Money Magazine Australia - - MY MONEY | IN BRIEF -

Many Aussies might like to com­plain that we don’t get paid enough and pay too much tax but fig­ures show there’s not much to whinge about.

The Or­gan­i­sa­tion for Eco­nomic Co-op­er­a­tion and De­vel­op­ment (OECD) tracks both the av­er­age wage earn­ings and tax­a­tion fig­ures for each of its 35-mem­ber coun­tries and Aus­tralia comes in sixth spot when it comes to net wages.

We earn on av­er­age $US41,655 (about $56,000) af­ter pay­ing 24.4% in taxes. We pay a lit­tle less in taxes than the OECD av­er­age of 25.5%. Ba­si­cally, in Aus­tralia the av­er­age take-home pay of a sin­gle worker, af­ter tax and ben­e­fits, is 75.6%, com­pared with the OECD av­er­age of 74.5%.

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