Income tax threshold

Taxation
An aspect of fiscal policy
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Types Direct Indirect Per unit Ad valorem In rem Capital gains Carbon Consumption Dividend Ecotax Excise Fuel Georgist Gift Gross receipts Income Inheritance (estate) Land value Payroll Pigovian Property Sales Sin Single Stamp Steering Turnover Value-added (VAT) Corporate profit Excess profits Windfall profits Negative (income) Flat Wealth
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The income tax threshold is the income level at which a person begins paying income taxes. 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.
• 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.
• Basic personal amount in Canada, which was C$10,822 in 2012.
• Tax-free threshold in Australia, which was A$18,200 in 2012-13.
• Tax-free threshold in Greece, which was €9,545 in 2016.
• Tax-free threshold in Poland, which was €736 in 2013 (equivalent to $1,007).
• Minimum wage in Israel, which is ₪4,825/month (but from December 2017 will be ₪5,300/month).

See also

• Basic income guarantee
• Tax bracket
• Taxable income