tax cut calculator
Annual income: 80000
October 2008
Tax cut (p.a.) = 1460Tax cut (per week) = 28.08
Old tax = 22470
New tax = 21010
Average tax rate (old) = 28.1%
Average tax rate (new) = 26.3%
April 2010
Tax cut (p.a.) = 2057.5Tax cut (per week) = 39.57
Old tax = 22470
New tax = 20412.5
Average tax rate (old) = 28.1%
Average tax rate (new) = 25.5%
April 2011
Tax cut (p.a.) = 2870Tax cut (per week) = 55.19
Old tax = 22470
New tax = 19600
Average tax rate (old) = 28.1%
Average tax rate (new) = 24.5%
