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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 EUR8,004 in 2012.
- Income tax threshold in France, which was EUR6,088 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 EUR9,545 in 2016.
- Tax-free threshold in Poland, which was EUR736 in 2013 (equivalent to $1,007).
Video Income tax threshold
See also
- Basic income guarantee
- Tax bracket
- Taxable income
Maps Income tax threshold
References
Source of the article : Wikipedia
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