Of course Australia is attractive country and it seems they copping quite well in the world at the moment, but with my skills I can work anywhere in the world and before accepting the offer I decided to calculate how much taxes I need to pay in Australia.
Australian Taxes
I found Australian Taxation Office website, however tax rates are not clear for me. Should I use tax rates for Residents:
The following rates for 2012-13 apply from 1 July 2012.
| Taxable income | Tax on this income |
| 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 |
The above rates do not include the Medicare levy of 1.5%.
Or should I use tax rates for foreign residents:
| Taxable income | Tax on this income |
| 0 - $80,000 | 32.5c for each $1 |
| $80,001 - $180,000 | $26,000 plus 37c for each $1 over $80,000 |
| $180,001 and over | $63,000 plus 45c for each $1 over $180,000 |
Foreign residents are not required to pay the Medicare levy.
ATO tax calculator is quite clumsy and it's difficult to figure out how much salary I should get after the tax, so I used this simplified ATO tax calculator which can provide salary after tax if it's paid monthly, fortnightly or weekly. They also have option for foreign residents, however it's still not clear for me which tax rates should I use. Anybody can help me?
