Does anyone know how the tax system works here? In other words, in the uS we have brackets whereby we are taxed incrementally...so
10% on the first 11K
12% on anything between $11,001 – $44,725
22% on anything between $44,726 – $95,375
24%on anything between $95,376 – $182,100
32% on anything between $182,101 – $231,250
And it just gets worse from there. Does anyone know if it's like that here or if its just a flat rate based on the total amount?