How Tax Works-Explained with cake

I get it, tax is a pretty complicated thing, especially with the different brackets we have in Australia.

How much do I pay? Why do the percentages change? What’s the best amount to earn so that I pay the best rate? Do I pay more when I get a pay rise?

It all gets a bit confusing, so I put together a quick video to explain how tax works. Don’t be scared, it’s mostly just about cake, with a little bit of numbers thrown in.

For more on why we have to pay tax, check out this post which talks about it in terms of stealing the neighbour’s wifi to watch Game of Thrones

What other questions do you have when it comes to income tax? Share in the comments below, or join our group on Facebook