Income tax threshold

From Infogalactic: the planetary knowledge core
Jump to: navigation, search

Lua error in package.lua at line 80: module 'strict' not found. The income tax threshold is the income level at which a person begins paying income taxes.[1] The income tax threshold equates to the:

  • Personal allowance in the UK, which was £9,440 in 2013-14 and £10,000 in 2014-15, the highest in the G7.[2][3][4]
  • Basic allowance in Germany, which was €8,004 in 2012.
  • Income tax threshold in France, which was €6,088 in 2012.
  • Sum of the standard deduction and personal exemption in the US, which was $9,750 in 2012 for a single person.[5]
  • Basic personal amount in Canada, which was C$10,822 in 2012.[6]
  • Tax-free threshold in Australia, which was A$18,200 in 2012-13.[7][8]
  • Tax-free threshold in Greece, which was €9,545 in 2016.[9]
  • Tax-free threshold in Poland, which was €736 in 2013 (equivalent to $1,007). [10]
  • Minimum wage in Israel, which was 4,700 in 2012 (equivalent to $1,334).[dubious ]

See also

References

  1. http://www.taxpolicycenter.org/publications/url.cfm?ID=1001555
  2. Personal Allowance
  3. Personal tax allowance to rise to £9,440
  4. Income tax threshold set to rise
  5. Lua error in package.lua at line 80: module 'strict' not found.
  6. Indexation adjustment for personal income tax and benefit amounts
  7. What is the tax-free threshold?
  8. Individual income tax rates
  9. Lua error in package.lua at line 80: module 'strict' not found.
  10. Lua error in package.lua at line 80: module 'strict' not found.