Understand Our Progressive Rate & Bracket Tax Structure
Our tax system is characterized by a progressive rate and bracket structure and accounts with special tax rules designed to incentivise specific behaviour. It is difficult to explain the rate and bracket structure of our tax system without using a fictional, simplified rate and bracket structure. I’ve delivered tax system explanatory presentations using the actual rate and bracket structure and eyes gloss over quickly. It doesn’t work. Now I start out with this. A simplif