Re: Drivers massive pay rise

["Tezza" <tezza2000@dingoblue.net.au>]

"William Miller" <backtran@optusnet.com.au> wrote in message
InNn5.53$wS6.7670@news0.optus.net.au">news:InNn5.53$wS6.7670@news0.optus.net.au...
> Wasn't any extra income you received before the tax cuts also taxed at the
> top marginal rate?

Yes.

> Back to your original post then, either the tax cuts
> applied to the top bracket or they didn't. Which is it?

They did, but only for the level at which it began, ie it was raised from
$50,000 to $60,000.

> I'm in the top
> bracket and I got a lot more than 0.whatever. To get a tax cut this small
> you must be a loong way into the top bracket already.

Everybody over $60,000 got exactly the same tax cut. Any extra income we
recieve now is going to be over that threshold and taxed at the top rate of
48.5%.