I'm not an accountant but my understanding is only 50% of it...

  1. happypunter
    2,979 Posts.
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    08/03/17
    13:14
    Post #: 23184458
    I'm not an accountant but my understanding is only 50% of it would be taxed, so $50,000 and that would be taxed according to normal Australian income sliding tax rates, so first $18,200 is tax free, next at 19 cents per dollar etc.
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    lightbulb Created with Sketch.  Great analysis
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