Income tax threshold
Jump to navigation
Jump to search
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 is £12,500 for 2019/20.[2]
- Basic allowance in Germany, which was €8,004 in 2012.
- Income tax threshold in France, which was €6,088 in 2012.
- The standard deduction in the US, which was $12,000 in 2018 for a single person.
- Basic personal amount in Canada, which was C$10,822 in 2012.[3]
- Tax-free threshold in Australia, which was A$18,200 in 2012-13.[4][5]
- Tax-free threshold in Greece, which was €9,545 in 2016.[6]
- Tax-free threshold in Poland is 6600 PLN in 2018. Above 6600 PLN the tax-free becomes "tax-reduction" and decreases progressively [7]
See also[edit]
References[edit]
- ^ http://www.taxpolicycenter.org/publications/url.cfm?ID=1001555
- ^ Information about Personal Allowance on gov.uk
- ^ Agency, Government of Canada, Canada Revenue. "2012 indexation adjustment for personal income tax and benefit amounts". www.cra-arc.gc.ca.
- ^ What is the tax-free threshold? Archived 2012-07-01 at the Wayback Machine
- ^ "Individual income tax rates". ato.gov.au.
- ^ "Tax-free threshold could be scrapped".
- ^ Studio, Kemu. "CALCULLA - PL: Table of tax-free amounts". calculla.com.