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comparing tax in united states with australia

United StatesAustraliaDifference in Australia
Gross Income 38,491.89 USD / 30,000.00 GBP 56,739.57 AUD / 30,000.00 GBP - 0.00 GBP
Tax Due 5,929.66 USD / 4,621.49 GBP 11,122.15 AUD / 5,880.63 GBP + 1,259.14 GBP
Net Income 32,562.23 USD / 25,378.51 GBP 45,617.42 AUD / 24,119.37 GBP - 1,259.14 GBP
Overall Tax Rate 15.4 % 19.6 % + 4.20 %.

Figures based upon 1 USD = 0.77938496 GBP.

Figures based upon 1 AUD = 0.52873154 GBP.

In United States, an income of 38,491.89 USD / 30,000.00 GBP is more than the lowest average advertised salary of 24,694.00 USD / 19,246.13 GBP and less than the country's average income of 60,000.00 USD / 46,763.10 GBP.

In Australia, an income of 56,739.57 AUD / 30,000.00 GBP is more than the lowest average advertised salary of 31,000.00 AUD / 16,390.68 GBP and less than the country's average income of 72,000.00 AUD / 38,068.67 GBP.

Here are how much some common purchases cost in United States vs Australia:

United StatesAustraliaDifference in Australia
Water Bottle (1.5L) 1.75 USD / 1.36 GBP 1.79 AUD / 0.95 GBP - 0.41 GBP
Milk Bottle (1L) 0.82 USD / 0.64 GBP 1.46 AUD / 0.77 GBP + 0.13 GBP
Pint of Beer 4.00 USD / 3.12 GBP 8.00 AUD / 4.23 GBP + 1.11 GBP
Bread (500g) 2.58 USD / 2.01 GBP 2.52 AUD / 1.33 GBP - 0.68 GBP
Chicken Breasts (1kg) 8.48 USD / 6.61 GBP 10.24 AUD / 5.41 GBP - 1.20 GBP
Petrol UK Gallon 3.27 USD / 2.55 GBP 6.68 AUD / 3.53 GBP + 0.98 GBP
Volkswagen Golf or Equivalent 21,845.00 USD / 17,025.66 GBP 25,000.00 AUD / 13,218.29 GBP - 3,807.37 GBP
Broadband Internet Monthly 62.44 USD / 48.66 GBP 74.02 AUD / 39.14 GBP - 9.52 GBP
Rent One Bedroom Apt. In City (Monthly) 1,261.46 USD / 983.16 GBP 1,679.85 AUD / 888.19 GBP - 94.97 GBP
Purchase One Bedroom Apt. In City 89,561.15 USD / 69,802.61 GBP 264,251.05 AUD / 139,717.86 GBP + 69,915.25 GBP

Part of North America, United States covers an area of 9,144,930 square kilometers.

United States has a Gross Domestic Product (PPP) of 18,561.93 ($ Billion) from a population of 326,474,013.

A progressive tax system spread over 7 bands ranging from 0% to 37%.

2019 Tax bands are as follow:

Below 9700 USD - 10%

Between 9700 USD and 39475 USD - 12%.

Between 39475 USD and 84200 USD - 22%.

Between 84200 USD and 160725 USD - 24%.

Between 160725 USD and 204100 USD - 32%.

Between 204100 USD and 510300 USD - 35%.

Above 510300 USD - 37%.

The standard single person's deduction is 12,200 USD and the personal exemption is now 0 USD (2019). The Tax Cuts and Jobs Act of 2017 reduced personal exemptions to zero for tax years 2018 through 2025.

The PEP provision (personal exemption phaseout) tapers the personal exemption when income is over 261,500 USD. 2% reduction for every 2,500 USD over the limit.

Social security tax is 6.2% on up to 132,900 USD of gross income (2019).

Medicare hospital insurance tax is 1.45% of all gross income - increased to 2.35% on income over 200,000 USD (single person).

Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Oceania, Australia covers an area of 7,700,519 square kilometers.

Australia has a Gross Domestic Product (PPP) of 1,188.76 ($ Billion) from a population of 24,641,662.

A progressive tax system spread over 5 bands - ranging from 0% to 45%.

2019 Tax bands are as follow:

Below 18200 AUD - 0%

Between 18200 AUD and 37000 AUD - 19%.

Between 37000 AUD and 90000 AUD - 32.5%.

Between 90000 AUD and 180000 AUD - 37%.

Above 180000 AUD - 45%.

There are no social security contributions. A Medicare (National Health Scheme) levy is calculated on taxable income of 2% - raised to 3%, 3.5% for higher incomes.

Source: https://www.ato.gov.au.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for United States and Australia and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to United States's and Australia's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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