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Income (PPP), 1000's         $10       $25        $50               $75         $100        $125
                       Taxation
               US - CA    -17.4%    11.9%       20.7%           23.0%           26.4%       29.1%
                    AU      5.0%    10.9%       17.8%           22.3%           25.5%       27.8%
           UK - London     16.2%    20.4%       24.8%           26.7%           29.8%       31.7%
        SE - Stockholm     29.8%    29.8%       33.2%           41.9%           43.7%       44.8%
                       Retirement Savings (PPP)
                US- CA       $-        $-         $-                $-           $-          $-
                    AU       $-        $-         $-                $-           $-          $-

                 Adults        2 1 or 2
              Children         2
            Adult 1 age       38
            Adult 2 age       39
             Wage Split     77% ratio of wage 1 to wage 2
    Retirement Savings       0% maximum, as a percent of total wages
Mort. Int. (PPP), 1000's     $5




                                                    50.0%




                                                    40.0%
                                  Income Taxation




                                                    30.0%




                                                    20.0%




                                                    10.0%




                                                    0.0%
                                                        $10   $25         $50         $75     $100   $125   $150
                                                                                               Household Earne
$1

                                          $1




Tax-Free Retirement Contributions (PPP)
                                          $1

                                          $1

                                          $1

                                          $1

                                          $0

                                          $0

                                          $0

                                          $0

                                          $-
                                               $10   $25   $50   $75   $100   $125   $150   $17
                                                                        Household Earned Inc
$150    $175        $200      $225      $250       $275      $300            $325     $350

            30.5%   31.8%      32.9%     33.8%      34.9%     35.9%      36.7%       37.3%        37.9%
            29.4%   30.7%      32.3%     33.5%      34.4%     35.4%      36.2%       36.8%        37.4%
            32.9%   33.8%      34.5%     34.9%      35.2%     35.7%      36.2%       36.5%        36.8%
            46.1%   47.1%      49.4%     50.0%      50.5%     50.9%      51.2%       51.5%        51.7%

             $-      $-          $-         $-        $-        $-           $-           $-       $-
             $-      $-          $-         $-        $-        $-           $-           $-       $-

                            1-Jul-2004                    Notes
                            Copyright 2004, Mark Nottingham <mnot@pobox.com>.
                            Some Rights Reserved.         Not warranted for any purpose.

                                                                   77
                                                                     0




                                                                                           SE - Stockholm
                                                                                           UK - London
                                                                                           AU
                                                                                           US - CA




75   $100    $125   $150       $175     $200     $225       $250      $275        $300     $325     $350
     Household Earned Income (PPP), 1000's
AU
                                                                     US- CA




100   $125   $150   $175   $200   $225   $250   $275   $300   $325   $350
Household Earned Income (PPP), 1000's
E - Stockholm
K - London
U
S - CA




325   $350
United States - California (all amounts are annual and in local currency, unless   marked as PPP)
             Gross Income (PPP)       $10,000.00      $25,000.00       $50,000.00     $75,000.00 $100,000.00           $125,000.00      $150,000.00    $175,000.00    $200,000.00    $225,000.00    $250,000.00
                   Gross Income       $10,000.00      $25,000.00       $50,000.00     $75,000.00 $100,000.00           $125,000.00      $150,000.00    $175,000.00    $200,000.00    $225,000.00    $250,000.00
                         Wage 1         $7,700.00     $19,250.00       $38,500.00     $57,750.00       $77,000.00        $96,250.00     $115,500.00    $134,750.00    $154,000.00    $173,250.00    $192,500.00
                         Wage 2         $2,300.00       $5,750.00      $11,500.00     $17,250.00       $23,000.00        $28,750.00      $34,500.00     $40,250.00     $46,000.00     $51,750.00     $57,500.00
                    Gross Wages       $10,000.00      $25,000.00       $50,000.00     $75,000.00 $100,000.00           $125,000.00      $150,000.00    $175,000.00    $200,000.00    $225,000.00    $250,000.00
           Retirement Savings 1               $-               $-              $-             $-               $-               $-              $-             $-             $-             $-             $-
           Retirement Savings 2               $-               $-              $-             $-               $-               $-              $-             $-             $-             $-             $-
                      Healthcare      $(1,500.00)     $(1,500.00)      $(1,500.00)    $(1,500.00)      $(1,500.00)       $(1,500.00)     $(1,500.00)    $(1,500.00)    $(1,500.00)    $(1,500.00)    $(1,500.00)
               Mortgate Interest      $(5,000.00)     $(5,000.00)      $(5,000.00)    $(5,000.00)      $(5,000.00)       $(5,000.00)     $(5,000.00)    $(5,000.00)    $(5,000.00)    $(5,000.00)    $(5,000.00)
      Standard Deduction (Fed)        $(9,500.00)     $(9,500.00)      $(9,500.00)    $(9,500.00)      $(9,500.00)       $(9,500.00)     $(9,500.00)    $(9,500.00)    $(9,500.00)    $(9,500.00)    $(9,500.00)
           Taxable Income (Fed)               $-        $9,000.00      $34,000.00     $59,000.00       $84,000.00      $109,000.00      $134,000.00    $159,000.00    $184,000.00    $209,000.00    $234,000.00
                     Federal Tax              $-         $(900.00)     $(4,265.00)    $(8,015.00) $(13,375.00)          $(19,625.00)    $(25,875.00)   $(32,783.50)   $(39,783.50)   $(46,791.00)   $(55,041.00)
    Standard Deduction (State)        $(6,140.00)     $(6,140.00)      $(6,140.00)    $(6,140.00)      $(6,140.00)       $(6,140.00)     $(6,140.00)    $(6,140.00)    $(6,140.00)    $(6,140.00)    $(6,140.00)
         Taxable Income (State)               $-      $12,360.00       $37,360.00     $62,360.00       $87,360.00      $112,360.00      $137,360.00    $162,360.00    $187,360.00    $212,360.00    $237,360.00
                       State Tax              $-         $(154.50)       $(777.04)    $(2,029.98)      $(3,872.68)       $(6,190.79)     $(8,578.29)   $(10,965.79)   $(13,353.29)   $(15,740.79)   $(18,128.29)
                  Social Security        $(620.00)    $(1,550.00)      $(3,100.00)    $(4,650.00)      $(6,200.00)       $(7,232.30)     $(7,588.80)    $(7,945.30)    $(8,301.80)    $(8,658.30)    $(9,014.80)
                        Medicare         $(145.00)       $(362.50)       $(725.00)    $(1,087.50)      $(1,450.00)       $(1,812.50)     $(2,175.00)    $(2,537.50)    $(2,900.00)    $(3,262.50)    $(3,625.00)
           Earned Income Credit         $4,000.00       $1,499.75              $-             $-               $-               $-              $-             $-             $-             $-             $-
                     Net Income       $13,235.00      $23,532.75       $41,132.96     $59,217.52       $75,102.32        $90,139.41     $105,782.91    $120,767.91    $135,661.41    $150,547.41    $164,190.91
              Effective Tax Rate           -32.4%             5.9%          17.7%           21.0%           24.9%             27.9%           29.5%          31.0%          32.2%          33.1%          34.3%
       Net Income (incl. health)      $11,735.00      $22,032.75       $39,632.96     $57,717.52       $73,602.32        $88,639.41     $104,282.91    $119,267.91    $134,161.41    $149,047.41    $162,690.91
Effective Tax Rate (incl. health)          -17.4%            11.9%          20.7%           23.0%           26.4%             29.1%           30.5%          31.8%          32.9%          33.8%          34.9%
       Retirement Savings (PPP)               $-               $-              $-             $-               $-               $-              $-             $-             $-             $-             $-

                        Adults                  2 1 or 2
                      Children                  2
                   Adult 1 age                 38
                   Adult 2 age                 39
                    Healthcare        $(1,500.00) cost of heath insurance
                    Wage Split               77% ratio of wage 1 to wage 2
            Retirement Savings                0% as a percent of wages


                   Assumptions No itemized deductions
                               Two adults are married filing jointly
                               Retirement saving is 401k, capped at the maximum tax-free amount available
                               Does not (yet) consider: capital gains, state or federal tax credits (e.g., child tax credit), traditional IRAs
                               Unknown sales tax is included in PPP
                               Does not include IRAs or interest income

             Federal Schedule X income >      income <      tax is this    plus this      of amount over
                        (Single)          $-      $8,350.00             $-         10.00%           $-
                         source     $8,350.00    $33,950.00        $835.00         15.00%     $8,350.00
                                   $33,950.00    $82,250.00      $4,675.00         25.00%    $33,950.00
                                   $82,250.00 $171,550.00      $16,750.00          28.00%    $82,250.00
                                  $171,550.00 $372,950.00      $41,754.00          33.00% $171,550.00
                                  $372,950.00                 $108,216.00          35.00% $372,950.00

           Federal Schedule Y-1 income >      income <      tax is this    plus this      of amount over
                      (Married)           $-     $16,700.00             $-         10.00%           $-
                        source     $16,700.00    $67,900.00      $1,670.00         15.00%    $16,700.00
                                   $67,900.00 $137,050.00        $9,350.00         25.00%    $67,900.00
                                  $137,050.00 $208,850.00      $26,637.50          28.00% $137,050.00
                                  $208,850.00 $372,950.00      $46,741.50          33.00% $208,850.00
                                  $372,950.00                 $100,894.50          35.00% $372,950.00

                 CA Schedule X income >      income <      tax is this    plus this       of            amount over
                       (single)          $-      $7,060.00             $-           1.25%                      $-
                        source     $7,060.00    $16,739.00         $88.25           2.25%                $7,060.00
                                  $16,739.00    $26,419.00        $306.03           4.25%               $16,739.00
                                  $26,419.00    $36,675.00        $717.43           6.25%               $26,419.00
                                  $36,675.00    $46,349.00      $1,358.43           8.25%               $36,675.00
                                  $46,349.00                    $2,156.53           9.55%               $46,349.00

                 CA Schedule Y income >      income <      tax is this    plus this       of            amount over
                     (married)           $-     $14,120.00             $-           1.25%                      $-
                        source    $14,120.00    $33,478.00        $176.50           2.25%               $14,120.00
                                  $33,478.00    $52,838.00        $612.06           4.25%               $33,478.00
                                  $52,838.00    $73,350.00      $1,434.86           6.25%               $52,838.00
                                  $73,350.00    $92,698.00      $2,716.86           8.25%               $73,350.00
                                  $92,698.00                    $4,313.07           9.55%               $92,698.00

    401k Contribution Theshold age >                 age <            threshold
                        source                   0               50      $12,000.00
                                                50                       $14,000.00

     Earned Income Tax Credit children               rate             limit            threshold      phase-out rate
                        2001                     0            7.65%        $4,670.00        $5,950.00         7.65%
                      source                     1           34.00%        $7,140.00       $13,090.00        15.98%
                                                 2           40.00%       $10,020.00       $13,090.00        21.06%
$275,000.00    $300,000.00    $325,000.00    $350,000.00
$275,000.00    $300,000.00    $325,000.00    $350,000.00
$211,750.00    $231,000.00    $250,250.00    $269,500.00
 $63,250.00     $69,000.00     $74,750.00     $80,500.00
$275,000.00    $300,000.00    $325,000.00    $350,000.00
        $-             $-             $-             $-
        $-             $-             $-             $-
 $(1,500.00)    $(1,500.00)    $(1,500.00)    $(1,500.00)
 $(5,000.00)    $(5,000.00)    $(5,000.00)    $(5,000.00)
 $(9,500.00)    $(9,500.00)    $(9,500.00)    $(9,500.00)
$259,000.00    $284,000.00    $309,000.00    $334,000.00
$(63,291.00)   $(71,541.00)   $(79,791.00)   $(88,041.00)
 $(6,140.00)    $(6,140.00)    $(6,140.00)    $(6,140.00)
$262,360.00    $287,360.00    $312,360.00    $337,360.00
$(20,515.79)   $(22,903.29)   $(25,290.79)   $(27,678.29)
 $(9,371.30)    $(9,727.80)   $(10,084.30)   $(10,440.80)
 $(3,987.50)    $(4,350.00)    $(4,712.50)    $(5,075.00)
        $-             $-             $-             $-
$177,834.41    $191,477.91    $205,121.41    $218,764.91
      35.3%          36.2%          36.9%          37.5%
$176,334.41    $189,977.91    $203,621.41    $217,264.91
      35.9%          36.7%          37.3%          37.9%
        $-             $-             $-             $-
Source




http://www.irs.gov/formspubs/article/0,,id=109877,00.html
http://www.ftb.ca.gov/individuals/faq/net/902.html


http://www.ssa.gov/OACT/COLA/cbb.html#Series
http://www.ssa.gov/OACT/COLA/cbb.html#Series
Working Wife




0,.25,.5




             Page 10
Australia (all amounts are annual   and in local currency, unless    marked as PPP)
         Gross Income (PPP)        $10,000.00      $25,000.00        $50,000.00       $75,000.00       $100,000.00 $125,000.00        $150,000.00    $175,000.00    $200,000.00    $225,000.00     $250,000.00
               Gross Income        $13,700.00      $34,250.00        $68,500.00 $102,750.00            $137,000.00 $171,250.00        $205,500.00    $239,750.00    $274,000.00    $308,250.00     $342,500.00
                Gross Wages        $13,700.00      $34,250.00        $68,500.00 $102,750.00            $137,000.00 $171,250.00        $205,500.00    $239,750.00    $274,000.00    $308,250.00     $342,500.00

                     Wage    1     $10,549.00       $26,372.50       $52,745.00       $79,117.50       $105,490.00     $131,862.50    $158,235.00    $184,607.50    $210,980.00    $237,352.50     $263,725.00
       Retirement Savings    1            $-               $-               $-               $-                $-              $-             $-             $-             $-             $-              $-
           Taxable Income    1     $10,549.00       $26,372.50       $52,745.00       $79,117.50       $105,490.00     $131,862.50    $158,235.00    $184,607.50    $210,980.00    $237,352.50     $263,725.00
                       Tax   1       $(682.35)      $(3,055.88)      $(9,823.50)     $(17,735.25)      $(27,686.20)    $(37,707.75)   $(47,729.30)   $(58,073.38)   $(69,941.00)   $(81,808.63)    $(93,676.25)
                 Medicare    1            $-          $(395.59)        $(791.18)      $(1,186.76)       $(1,582.35)     $(1,977.94)    $(2,373.53)    $(2,769.11)    $(3,164.70)    $(3,560.29)     $(3,955.88)

                     Wage    2      $3,151.00        $7,877.50       $15,755.00       $23,632.50        $31,510.00      $39,387.50     $47,265.00     $55,142.50     $63,020.00      $70,897.50     $78,775.00
       Retirement Savings    2            $-               $-               $-               $-                $-              $-             $-             $-             $-              $-             $-
           Taxable Income    2      $3,151.00        $7,877.50       $15,755.00       $23,632.50        $31,510.00      $39,387.50     $47,265.00     $55,142.50     $63,020.00      $70,897.50     $78,775.00
                       Tax   2            $-          $(281.63)      $(1,463.25)      $(2,644.88)       $(3,826.50)     $(5,816.25)    $(8,179.50)   $(10,542.75)   $(12,906.00)    $(15,269.25)   $(17,632.50)
                 Medicare    2            $-               $-          $(138.60)        $(354.49)         $(472.65)       $(590.81)      $(708.98)      $(827.14)      $(945.30)     $(1,063.46)    $(1,181.63)

          Medicare Surcharge              $-               $-              $-         $(1,027.50)       $(1,370.00)     $(1,712.50)    $(2,055.00)    $(2,397.50)    $(2,740.00)     $(3,082.50)   $(3,425.00)
   Private Health Adjustment              $-               $-              $-                $-                $-          $212.50        $555.00        $897.50      $1,240.00       $1,582.50     $1,925.00
                    Total Tax        $(682.35)      $(3,733.09)    $(12,216.53)      $(22,948.88)      $(34,937.70)    $(47,592.75)   $(60,491.30)   $(73,712.38)   $(88,457.00)   $(103,201.63) $(117,946.25)
                  Net Income       $13,017.65       $30,516.91      $56,283.48        $79,801.13       $102,062.30     $123,657.25    $145,008.70    $166,037.63    $185,543.00     $205,048.38   $224,553.75
           Effective Tax Rate            5.0%            10.9%           17.8%             22.3%             25.5%           27.8%          29.4%          30.7%          32.3%           33.5%         34.4%
          Retirement Savings              $-               $-              $-                $-                $-              $-             $-             $-             $-              $-            $-

                     Adults                  2 1 or 2
                   Children                  2
                Adult 1 age                 38
                Adult 2 age                 39
                 Healthcare        $(1,500.00) cost of private healthcare
                 Wage Split               77% ratio of wage 1 to wage 2
         Retirement Savings                0% as a percent of wages


                Assumptions If medicare surcharge is higher than private healthcare cost, that is paid instead
                            Does not (yet) consider: capital gains, tax credits
                            Retirement saving is superannuation, capped at the maximum tax-free amount available
                            GST is included in PPP

        Individual Tax Rates income >      income <      tax is this    plus this                     of amount over
                      source           $-      $6,000.00             $-                         0%              $-
                    2009-10      $6,000.00    $34,000.00             $-                        15%        $6,000.00
                                $34,000.00    $80,000.00      $4,200.00                        30%       $34,000.00
                                $80,000.00 $180,000.00      $18,000.00                         38%       $80,000.00
                               $180,000.00                  $56,000.00                         45%      $180,000.00

              Medicare Levy income >      income <      tax is this                plus this          of amount over
                     source           $-     $15,062.00             $-                           0%             $-
                               $15,062.00    $16,283.00             $-                          20%      $15,062.00
                               $16,283.00                           $-                         1.5%             $-

              Medicare Levy # dependents threshold
        Surcharge Threshold             0 $100,000.00
                    (family)            1 $100,000.00
                                        2 $101,500.00
                                        3 $103,000.00
                                        4 $104,500.00
                                        5 $106,000.00

Super Contribution Threshold age >                age <           threshold
                      source                  0             34       $13,934.00
                                             34             48       $38,702.00
                                             49                      $95,980.00
$275,000.00     $300,000.00    $325,000.00    $350,000.00
$376,750.00     $411,000.00    $445,250.00    $479,500.00
$376,750.00     $411,000.00    $445,250.00    $479,500.00

 $290,097.50   $316,470.00   $342,842.50   $369,215.00
         $-            $-            $-            $-
 $290,097.50   $316,470.00   $342,842.50   $369,215.00
$(105,543.88) $(117,411.50) $(129,279.13) $(141,146.75)
  $(4,351.46)   $(4,747.05)   $(5,142.64)   $(5,538.23)

  $86,652.50     $94,530.00    $102,407.50    $110,285.00
         $-             $-             $-             $-
  $86,652.50     $94,530.00    $102,407.50    $110,285.00
 $(20,527.95)   $(23,521.40)   $(26,514.85)   $(29,508.30)
  $(1,299.79)    $(1,417.95)    $(1,536.11)    $(1,654.28)

  $(3,767.50)   $(4,110.00)   $(4,452.50)   $(4,795.00)
   $2,267.50     $2,610.00     $2,952.50     $3,295.00
$(133,223.08) $(148,597.90) $(163,972.73) $(179,347.55)
 $243,526.93   $262,402.10   $281,277.28   $300,152.45
       35.4%         36.2%         36.8%         37.4%
         $-            $-            $-            $-
Source




http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&page=1#P11_197
http://www.ato.gov.au/individuals/content.asp?doc=/content/17482.htm&page=2#P82_4536
United Kingdom - London (all amounts are annual and in local currency, unless   marked as PPP)
 Gross Income (PPP)         $10,000.00     $25,000.00     $50,000.00    $75,000.00 $100,000.00            $125,000.00 $150,000.00     $175,000.00   $200,000.00   $225,000.00   $250,000.00
       Gross Income           £6,380.00    £15,950.00     £31,900.00    £47,850.00       £63,800.00        £79,750.00    £95,700.00   £111,650.00   £127,600.00   £143,550.00   £159,500.00
        Gross Wages           £6,380.00    £15,950.00     £31,900.00    £47,850.00       £63,800.00        £79,750.00    £95,700.00   £111,650.00   £127,600.00   £143,550.00   £159,500.00

              Wage    1       £4,912.60      £12,281.50     £24,563.00     £36,844.50      £49,126.00      £61,407.50    £73,689.00    £85,970.50    £98,252.00   £110,533.50   £122,815.00
Retirement Savings    1             £-              £-             £-             £-              £-              £-            £-            £-            £-            £-            £-
Personal Allowance    1      -£4,745.00      -£4,745.00     -£4,745.00     -£4,745.00      -£4,745.00      -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00
    Taxable Income    1         £167.60       £7,536.50     £19,818.00     £32,099.50      £44,381.00      £56,662.50    £68,944.00    £81,225.50    £93,507.00   £105,788.50   £118,070.00
                Tax   1         -£16.76      -£1,415.63     -£4,117.56     -£6,945.40     -£11,858.00     -£16,770.60   -£21,683.20   -£26,595.80   -£31,508.40   -£36,421.00   -£41,333.60
                 NI   1         -£19.87        -£830.45     -£2,181.41     -£3,019.93      -£3,142.74      -£3,265.56    -£3,388.37    -£3,511.19    -£3,634.00    -£3,756.82    -£3,879.63

              Wage    2       £1,467.40       £3,668.50       £7,337.00    £11,005.50      £14,674.00      £18,342.50   £22,011.00     £25,679.50    £29,348.00    £33,016.50    £36,685.00
Retirement Savings    2             £-              £-              £-            £-              £-              £-           £-             £-            £-            £-            £-
Personal Allowance    2      -£4,745.00      -£4,745.00      -£4,745.00    -£4,745.00      -£4,745.00      -£4,745.00   -£4,745.00     -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00
    Taxable Income    2             £-              £-        £2,592.00     £6,260.50       £9,929.00      £13,597.50   £17,266.00     £20,934.50    £24,603.00    £28,271.50    £31,940.00
                Tax   2             £-              £-         -£327.84    -£1,134.91      -£1,941.98      -£2,749.05   -£3,556.12     -£4,363.19    -£5,170.26    -£5,977.33    -£6,881.60
                 NI   2             £-              £-         -£286.55      -£690.09      -£1,093.62      -£1,497.16   -£1,900.69     -£2,304.23    -£2,707.76    -£2,981.65    -£3,018.33

          Council Tax        -£1,000.00      -£1,000.00     -£1,000.00      -£1,000.00     -£1,000.00      -£1,000.00    -£1,000.00    -£1,000.00    -£1,000.00    -£1,000.00    -£1,000.00
            Total Tax        -£1,036.63      -£3,246.08     -£7,913.36     -£12,790.32    -£19,036.34     -£25,282.36   -£31,528.38   -£37,774.40   -£44,020.42   -£50,136.79   -£56,113.16
          Net Income          £5,343.37      £12,703.93     £23,986.64      £35,059.68     £44,763.66      £54,467.64    £64,171.62    £73,875.60    £83,579.58    £93,413.21   £103,386.84
   Effective Tax Rate             16.2%           20.4%          24.8%           26.7%          29.8%           31.7%         32.9%         33.8%         34.5%         34.9%         35.2%

             Adults                    2 1 or 2
           Children                    2
        Adult 1 age                   38
        Adult 2 age                   39
         Healthcare          -£1,500.00 cost of private healthcare
        Council Tax          -£1,000.00 http://www.rbkc.gov.uk/LocalTaxes/counciltax/bands.asp; http://www.lambeth.gov.uk/counciltax/index.shtml#valuation
         Wage Split                77% ratio of wage 1 to wage 2
 Retirement Savings                  0% as a percent of wages


        Assumptions All retirement savings are tax-deductable (e.g., superannuation)
                    Does not (yet) consider: capital gains, working or child tax credits, housing benefit
                    Retirement saving is estimated and simplistic; http://www.inlandrevenue.gov.uk/pdfs/ir2008b.htm; http://www.inlandrevenue.gov.uk/pdfs/ir78.htm
                    VAT is included in PPP
                    Does not include ISAs or interest income

 Individual Tax Rates income >      income <      tax is this    plus this               of amount over
               source           £-      £2,020.00             £-                  10%              £-
                          £2,020.00    £31,400.00        £202.00                  22%        £2,020.00
                         £31,400.00                    £6,665.60                  40%       £31,400.00

  National Insurance income >     income <     tax is this    plus this      of amount over
            (weekly)          £-        £91.00             £-             0%           £-
              source       £91.00      £610.00             £-            11%       £91.00
                          £610.00                      £57.09           1.0%      £610.00

  Personal Allowance age >                 Age <          allowance
               source                  0             64        £4,745.00
                                      64             74        £6,830.00
                                      74                       £6,950.00
$275,000.00   $300,000.00   $325,000.00   $350,000.00
£175,450.00   £191,400.00   £207,350.00   £223,300.00
£175,450.00   £191,400.00   £207,350.00   £223,300.00

£135,096.50   £147,378.00   £159,659.50   £171,941.00
        £-            £-            £-            £-
 -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00
£130,351.50   £142,633.00   £154,914.50   £167,196.00
-£46,246.20   -£51,158.80   -£56,071.40   -£60,984.00
 -£4,002.45    -£4,125.26    -£4,248.08    -£4,370.89

 £40,353.50    £44,022.00    £47,690.50    £51,359.00
        £-            £-            £-            £-
 -£4,745.00    -£4,745.00    -£4,745.00    -£4,745.00
 £35,608.50    £39,277.00    £42,945.50    £46,614.00
 -£8,349.00    -£9,816.40   -£11,283.80   -£12,751.20
 -£3,055.02    -£3,091.70    -£3,128.39    -£3,165.07

 -£1,000.00    -£1,000.00    -£1,000.00    -£1,000.00
-£62,652.66   -£69,192.16   -£75,731.66   -£82,271.16
£112,797.34   £122,207.84   £131,618.34   £141,028.84
      35.7%         36.2%         36.5%         36.8%
Source
United Kingdom - London (all amounts are annual and in local currency, unless marked as PPP)
 Gross Income (PPP)           $10,000.00       $25,000.00       $50,000.00       $75,000.00       $100,000.00       $125,000.00               $150,000.00         $175,000.00         $200,000.00
       Gross Income          96,900.00 kr    242,250.00 kr 484,500.00 kr 726,750.00 kr 969,000.00 kr 1,211,250.00 kr                       1,453,500.00 kr     1,695,750.00 kr     1,938,000.00 kr
        Gross Wages          96,900.00 kr    242,250.00 kr 484,500.00 kr 726,750.00 kr 969,000.00 kr 1,211,250.00 kr                       1,453,500.00 kr     1,695,750.00 kr     1,938,000.00 kr

              Wage    1      74,613.00   kr   186,532.50   kr    373,065.00   kr 559,597.50     kr    746,130.00   kr    932,662.50   kr   1,119,195.00   kr   1,305,727.50   kr   1,492,260.00   kr
Retirement Savings    1             -    kr           -    kr            -    kr          -     kr            -    kr            -    kr             -    kr             -    kr             -    kr
    Taxable Income    1      74,613.00   kr   186,532.50   kr    373,065.00   kr 559,597.50     kr    746,130.00   kr    932,662.50   kr   1,119,195.00   kr   1,305,727.50   kr   1,492,260.00   kr
       National Tax   1             -    kr           -    kr    -16,253.00   kr  -87,934.38    kr   -134,567.50   kr   -181,200.63   kr    -227,833.75   kr    -274,466.88   kr    -321,100.00   kr
      Municipal Tax   1     -22,234.67   kr   -55,586.69   kr   -111,173.37   kr -166,760.06    kr   -222,346.74   kr   -277,933.43   kr    -333,520.11   kr    -389,106.80   kr    -444,693.48   kr

              Wage    2     22,287.00    kr    55,717.50   kr   111,435.00    kr   167,152.50   kr    222,870.00   kr   278,587.50    kr    334,305.00    kr     390,022.50   kr     445,740.00   kr
Retirement Savings    2            -     kr           -    kr           -     kr           -    kr            -    kr           -     kr            -     kr             -    kr             -    kr
    Taxable Income    2     22,287.00    kr    55,717.50   kr   111,435.00    kr   167,152.50   kr    222,870.00   kr   278,587.50    kr    334,305.00    kr     390,022.50   kr     445,740.00   kr
       National Tax   2            -     kr           -    kr           -     kr           -    kr            -    kr           -     kr     -8,501.00    kr     -19,644.50   kr     -59,470.00   kr
      Municipal Tax   2     -6,641.53    kr   -16,603.82   kr   -33,207.63    kr   -49,811.45   kr    -66,415.26   kr   -83,019.08    kr    -99,622.89    kr    -116,226.71   kr    -132,830.52   kr

            Total Tax       -28,876.20 kr     -72,190.50 kr -160,634.00 kr -304,505.88 kr -423,329.50 kr                -542,153.13 kr      -669,477.75 kr      -799,444.88 kr      -958,094.00 kr
          Net Income         68,023.80 kr     170,059.50 kr 323,866.00 kr 422,244.13 kr 545,670.50 kr                    669,096.88 kr       784,022.25 kr       896,305.13 kr       979,906.00 kr
   Effective Tax Rate              29.8%             29.8%          33.2%          41.9%          43.7%                         44.8%               46.1%               47.1%               49.4%

              Adults                   2 1 or 2
            Children                   2
       Municipal Tax              29.80% http://www2.stockholm.se/english/cityofsthlm/gov/budget.htm
         Wage Split                  77% ratio of wage 1 to wage 2
 Retirement Savings                   0% as a percent of wages


        Assumptions All retirement savings are tax-deductable (e.g., superannuation)
                    Does not (yet) consider: capital gains, tax credits
                    Retirement saving is estimated and simplistic
                    VAT is included in PPP

  National Tax Rates income >        income <          tax is this      plus this                    of amount over
              source           - kr      291,800.00 kr             - kr                     0%                 - kr
                       291,800.00 kr     390,400.00 kr             - kr                    20%         291,800.00 kr
                       441,300.00 kr                      58,360.00 kr                     25%         441,300.00 kr
$225,000.00         $250,000.00         $275,000.00         $300,000.00         $325,000.00         $350,000.00
2,180,250.00 kr     2,422,500.00 kr     2,664,750.00 kr     2,907,000.00 kr     3,149,250.00 kr     3,391,500.00 kr
2,180,250.00 kr     2,422,500.00 kr     2,664,750.00 kr     2,907,000.00 kr     3,149,250.00 kr     3,391,500.00 kr

1,678,792.50   kr   1,865,325.00   kr   2,051,857.50   kr   2,238,390.00   kr   2,424,922.50   kr   2,611,455.00   kr
          -    kr             -    kr             -    kr             -    kr             -    kr             -    kr
1,678,792.50   kr   1,865,325.00   kr   2,051,857.50   kr   2,238,390.00   kr   2,424,922.50   kr   2,611,455.00   kr
 -367,733.13   kr    -414,366.25   kr    -460,999.38   kr    -507,632.50   kr    -554,265.63   kr    -600,898.75   kr
 -500,280.17   kr    -555,866.85   kr    -611,453.54   kr    -667,040.22   kr    -722,626.91   kr    -778,213.59   kr

  501,457.50   kr     557,175.00   kr     612,892.50   kr     668,610.00   kr     724,327.50   kr     780,045.00   kr
          -    kr             -    kr             -    kr             -    kr             -    kr             -    kr
  501,457.50   kr     557,175.00   kr     612,892.50   kr     668,610.00   kr     724,327.50   kr     780,045.00   kr
  -73,399.38   kr     -87,328.75   kr    -101,258.13   kr    -115,187.50   kr    -129,116.88   kr    -143,046.25   kr
 -149,434.34   kr    -166,038.15   kr    -182,641.97   kr    -199,245.78   kr    -215,849.60   kr    -232,453.41   kr

-1,090,847.00 kr -1,223,600.00 kr -1,356,353.00 kr -1,489,106.00 kr -1,621,859.00 kr -1,754,612.00 kr
 1,089,403.00 kr 1,198,900.00 kr 1,308,397.00 kr 1,417,894.00 kr 1,527,391.00 kr 1,636,888.00 kr
          50.0%            50.5%            50.9%            51.2%            51.5%            51.7%
Source
Country   PPP           source
US              1.000
AU              1.370
UK              0.638
SE              9.690

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Global Taxation Arbitrage

  • 1. Income (PPP), 1000's $10 $25 $50 $75 $100 $125 Taxation US - CA -17.4% 11.9% 20.7% 23.0% 26.4% 29.1% AU 5.0% 10.9% 17.8% 22.3% 25.5% 27.8% UK - London 16.2% 20.4% 24.8% 26.7% 29.8% 31.7% SE - Stockholm 29.8% 29.8% 33.2% 41.9% 43.7% 44.8% Retirement Savings (PPP) US- CA $- $- $- $- $- $- AU $- $- $- $- $- $- Adults 2 1 or 2 Children 2 Adult 1 age 38 Adult 2 age 39 Wage Split 77% ratio of wage 1 to wage 2 Retirement Savings 0% maximum, as a percent of total wages Mort. Int. (PPP), 1000's $5 50.0% 40.0% Income Taxation 30.0% 20.0% 10.0% 0.0% $10 $25 $50 $75 $100 $125 $150 Household Earne
  • 2. $1 $1 Tax-Free Retirement Contributions (PPP) $1 $1 $1 $1 $0 $0 $0 $0 $- $10 $25 $50 $75 $100 $125 $150 $17 Household Earned Inc
  • 3. $150 $175 $200 $225 $250 $275 $300 $325 $350 30.5% 31.8% 32.9% 33.8% 34.9% 35.9% 36.7% 37.3% 37.9% 29.4% 30.7% 32.3% 33.5% 34.4% 35.4% 36.2% 36.8% 37.4% 32.9% 33.8% 34.5% 34.9% 35.2% 35.7% 36.2% 36.5% 36.8% 46.1% 47.1% 49.4% 50.0% 50.5% 50.9% 51.2% 51.5% 51.7% $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- 1-Jul-2004 Notes Copyright 2004, Mark Nottingham <mnot@pobox.com>. Some Rights Reserved. Not warranted for any purpose. 77 0 SE - Stockholm UK - London AU US - CA 75 $100 $125 $150 $175 $200 $225 $250 $275 $300 $325 $350 Household Earned Income (PPP), 1000's
  • 4. AU US- CA 100 $125 $150 $175 $200 $225 $250 $275 $300 $325 $350 Household Earned Income (PPP), 1000's
  • 5. E - Stockholm K - London U S - CA 325 $350
  • 6.
  • 7. United States - California (all amounts are annual and in local currency, unless marked as PPP) Gross Income (PPP) $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 $225,000.00 $250,000.00 Gross Income $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 $225,000.00 $250,000.00 Wage 1 $7,700.00 $19,250.00 $38,500.00 $57,750.00 $77,000.00 $96,250.00 $115,500.00 $134,750.00 $154,000.00 $173,250.00 $192,500.00 Wage 2 $2,300.00 $5,750.00 $11,500.00 $17,250.00 $23,000.00 $28,750.00 $34,500.00 $40,250.00 $46,000.00 $51,750.00 $57,500.00 Gross Wages $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 $225,000.00 $250,000.00 Retirement Savings 1 $- $- $- $- $- $- $- $- $- $- $- Retirement Savings 2 $- $- $- $- $- $- $- $- $- $- $- Healthcare $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) Mortgate Interest $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) Standard Deduction (Fed) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) Taxable Income (Fed) $- $9,000.00 $34,000.00 $59,000.00 $84,000.00 $109,000.00 $134,000.00 $159,000.00 $184,000.00 $209,000.00 $234,000.00 Federal Tax $- $(900.00) $(4,265.00) $(8,015.00) $(13,375.00) $(19,625.00) $(25,875.00) $(32,783.50) $(39,783.50) $(46,791.00) $(55,041.00) Standard Deduction (State) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) Taxable Income (State) $- $12,360.00 $37,360.00 $62,360.00 $87,360.00 $112,360.00 $137,360.00 $162,360.00 $187,360.00 $212,360.00 $237,360.00 State Tax $- $(154.50) $(777.04) $(2,029.98) $(3,872.68) $(6,190.79) $(8,578.29) $(10,965.79) $(13,353.29) $(15,740.79) $(18,128.29) Social Security $(620.00) $(1,550.00) $(3,100.00) $(4,650.00) $(6,200.00) $(7,232.30) $(7,588.80) $(7,945.30) $(8,301.80) $(8,658.30) $(9,014.80) Medicare $(145.00) $(362.50) $(725.00) $(1,087.50) $(1,450.00) $(1,812.50) $(2,175.00) $(2,537.50) $(2,900.00) $(3,262.50) $(3,625.00) Earned Income Credit $4,000.00 $1,499.75 $- $- $- $- $- $- $- $- $- Net Income $13,235.00 $23,532.75 $41,132.96 $59,217.52 $75,102.32 $90,139.41 $105,782.91 $120,767.91 $135,661.41 $150,547.41 $164,190.91 Effective Tax Rate -32.4% 5.9% 17.7% 21.0% 24.9% 27.9% 29.5% 31.0% 32.2% 33.1% 34.3% Net Income (incl. health) $11,735.00 $22,032.75 $39,632.96 $57,717.52 $73,602.32 $88,639.41 $104,282.91 $119,267.91 $134,161.41 $149,047.41 $162,690.91 Effective Tax Rate (incl. health) -17.4% 11.9% 20.7% 23.0% 26.4% 29.1% 30.5% 31.8% 32.9% 33.8% 34.9% Retirement Savings (PPP) $- $- $- $- $- $- $- $- $- $- $- Adults 2 1 or 2 Children 2 Adult 1 age 38 Adult 2 age 39 Healthcare $(1,500.00) cost of heath insurance Wage Split 77% ratio of wage 1 to wage 2 Retirement Savings 0% as a percent of wages Assumptions No itemized deductions Two adults are married filing jointly Retirement saving is 401k, capped at the maximum tax-free amount available Does not (yet) consider: capital gains, state or federal tax credits (e.g., child tax credit), traditional IRAs Unknown sales tax is included in PPP Does not include IRAs or interest income Federal Schedule X income > income < tax is this plus this of amount over (Single) $- $8,350.00 $- 10.00% $- source $8,350.00 $33,950.00 $835.00 15.00% $8,350.00 $33,950.00 $82,250.00 $4,675.00 25.00% $33,950.00 $82,250.00 $171,550.00 $16,750.00 28.00% $82,250.00 $171,550.00 $372,950.00 $41,754.00 33.00% $171,550.00 $372,950.00 $108,216.00 35.00% $372,950.00 Federal Schedule Y-1 income > income < tax is this plus this of amount over (Married) $- $16,700.00 $- 10.00% $- source $16,700.00 $67,900.00 $1,670.00 15.00% $16,700.00 $67,900.00 $137,050.00 $9,350.00 25.00% $67,900.00 $137,050.00 $208,850.00 $26,637.50 28.00% $137,050.00 $208,850.00 $372,950.00 $46,741.50 33.00% $208,850.00 $372,950.00 $100,894.50 35.00% $372,950.00 CA Schedule X income > income < tax is this plus this of amount over (single) $- $7,060.00 $- 1.25% $- source $7,060.00 $16,739.00 $88.25 2.25% $7,060.00 $16,739.00 $26,419.00 $306.03 4.25% $16,739.00 $26,419.00 $36,675.00 $717.43 6.25% $26,419.00 $36,675.00 $46,349.00 $1,358.43 8.25% $36,675.00 $46,349.00 $2,156.53 9.55% $46,349.00 CA Schedule Y income > income < tax is this plus this of amount over (married) $- $14,120.00 $- 1.25% $- source $14,120.00 $33,478.00 $176.50 2.25% $14,120.00 $33,478.00 $52,838.00 $612.06 4.25% $33,478.00 $52,838.00 $73,350.00 $1,434.86 6.25% $52,838.00 $73,350.00 $92,698.00 $2,716.86 8.25% $73,350.00 $92,698.00 $4,313.07 9.55% $92,698.00 401k Contribution Theshold age > age < threshold source 0 50 $12,000.00 50 $14,000.00 Earned Income Tax Credit children rate limit threshold phase-out rate 2001 0 7.65% $4,670.00 $5,950.00 7.65% source 1 34.00% $7,140.00 $13,090.00 15.98% 2 40.00% $10,020.00 $13,090.00 21.06%
  • 8. $275,000.00 $300,000.00 $325,000.00 $350,000.00 $275,000.00 $300,000.00 $325,000.00 $350,000.00 $211,750.00 $231,000.00 $250,250.00 $269,500.00 $63,250.00 $69,000.00 $74,750.00 $80,500.00 $275,000.00 $300,000.00 $325,000.00 $350,000.00 $- $- $- $- $- $- $- $- $(1,500.00) $(1,500.00) $(1,500.00) $(1,500.00) $(5,000.00) $(5,000.00) $(5,000.00) $(5,000.00) $(9,500.00) $(9,500.00) $(9,500.00) $(9,500.00) $259,000.00 $284,000.00 $309,000.00 $334,000.00 $(63,291.00) $(71,541.00) $(79,791.00) $(88,041.00) $(6,140.00) $(6,140.00) $(6,140.00) $(6,140.00) $262,360.00 $287,360.00 $312,360.00 $337,360.00 $(20,515.79) $(22,903.29) $(25,290.79) $(27,678.29) $(9,371.30) $(9,727.80) $(10,084.30) $(10,440.80) $(3,987.50) $(4,350.00) $(4,712.50) $(5,075.00) $- $- $- $- $177,834.41 $191,477.91 $205,121.41 $218,764.91 35.3% 36.2% 36.9% 37.5% $176,334.41 $189,977.91 $203,621.41 $217,264.91 35.9% 36.7% 37.3% 37.9% $- $- $- $-
  • 11. Australia (all amounts are annual and in local currency, unless marked as PPP) Gross Income (PPP) $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 $225,000.00 $250,000.00 Gross Income $13,700.00 $34,250.00 $68,500.00 $102,750.00 $137,000.00 $171,250.00 $205,500.00 $239,750.00 $274,000.00 $308,250.00 $342,500.00 Gross Wages $13,700.00 $34,250.00 $68,500.00 $102,750.00 $137,000.00 $171,250.00 $205,500.00 $239,750.00 $274,000.00 $308,250.00 $342,500.00 Wage 1 $10,549.00 $26,372.50 $52,745.00 $79,117.50 $105,490.00 $131,862.50 $158,235.00 $184,607.50 $210,980.00 $237,352.50 $263,725.00 Retirement Savings 1 $- $- $- $- $- $- $- $- $- $- $- Taxable Income 1 $10,549.00 $26,372.50 $52,745.00 $79,117.50 $105,490.00 $131,862.50 $158,235.00 $184,607.50 $210,980.00 $237,352.50 $263,725.00 Tax 1 $(682.35) $(3,055.88) $(9,823.50) $(17,735.25) $(27,686.20) $(37,707.75) $(47,729.30) $(58,073.38) $(69,941.00) $(81,808.63) $(93,676.25) Medicare 1 $- $(395.59) $(791.18) $(1,186.76) $(1,582.35) $(1,977.94) $(2,373.53) $(2,769.11) $(3,164.70) $(3,560.29) $(3,955.88) Wage 2 $3,151.00 $7,877.50 $15,755.00 $23,632.50 $31,510.00 $39,387.50 $47,265.00 $55,142.50 $63,020.00 $70,897.50 $78,775.00 Retirement Savings 2 $- $- $- $- $- $- $- $- $- $- $- Taxable Income 2 $3,151.00 $7,877.50 $15,755.00 $23,632.50 $31,510.00 $39,387.50 $47,265.00 $55,142.50 $63,020.00 $70,897.50 $78,775.00 Tax 2 $- $(281.63) $(1,463.25) $(2,644.88) $(3,826.50) $(5,816.25) $(8,179.50) $(10,542.75) $(12,906.00) $(15,269.25) $(17,632.50) Medicare 2 $- $- $(138.60) $(354.49) $(472.65) $(590.81) $(708.98) $(827.14) $(945.30) $(1,063.46) $(1,181.63) Medicare Surcharge $- $- $- $(1,027.50) $(1,370.00) $(1,712.50) $(2,055.00) $(2,397.50) $(2,740.00) $(3,082.50) $(3,425.00) Private Health Adjustment $- $- $- $- $- $212.50 $555.00 $897.50 $1,240.00 $1,582.50 $1,925.00 Total Tax $(682.35) $(3,733.09) $(12,216.53) $(22,948.88) $(34,937.70) $(47,592.75) $(60,491.30) $(73,712.38) $(88,457.00) $(103,201.63) $(117,946.25) Net Income $13,017.65 $30,516.91 $56,283.48 $79,801.13 $102,062.30 $123,657.25 $145,008.70 $166,037.63 $185,543.00 $205,048.38 $224,553.75 Effective Tax Rate 5.0% 10.9% 17.8% 22.3% 25.5% 27.8% 29.4% 30.7% 32.3% 33.5% 34.4% Retirement Savings $- $- $- $- $- $- $- $- $- $- $- Adults 2 1 or 2 Children 2 Adult 1 age 38 Adult 2 age 39 Healthcare $(1,500.00) cost of private healthcare Wage Split 77% ratio of wage 1 to wage 2 Retirement Savings 0% as a percent of wages Assumptions If medicare surcharge is higher than private healthcare cost, that is paid instead Does not (yet) consider: capital gains, tax credits Retirement saving is superannuation, capped at the maximum tax-free amount available GST is included in PPP Individual Tax Rates income > income < tax is this plus this of amount over source $- $6,000.00 $- 0% $- 2009-10 $6,000.00 $34,000.00 $- 15% $6,000.00 $34,000.00 $80,000.00 $4,200.00 30% $34,000.00 $80,000.00 $180,000.00 $18,000.00 38% $80,000.00 $180,000.00 $56,000.00 45% $180,000.00 Medicare Levy income > income < tax is this plus this of amount over source $- $15,062.00 $- 0% $- $15,062.00 $16,283.00 $- 20% $15,062.00 $16,283.00 $- 1.5% $- Medicare Levy # dependents threshold Surcharge Threshold 0 $100,000.00 (family) 1 $100,000.00 2 $101,500.00 3 $103,000.00 4 $104,500.00 5 $106,000.00 Super Contribution Threshold age > age < threshold source 0 34 $13,934.00 34 48 $38,702.00 49 $95,980.00
  • 12. $275,000.00 $300,000.00 $325,000.00 $350,000.00 $376,750.00 $411,000.00 $445,250.00 $479,500.00 $376,750.00 $411,000.00 $445,250.00 $479,500.00 $290,097.50 $316,470.00 $342,842.50 $369,215.00 $- $- $- $- $290,097.50 $316,470.00 $342,842.50 $369,215.00 $(105,543.88) $(117,411.50) $(129,279.13) $(141,146.75) $(4,351.46) $(4,747.05) $(5,142.64) $(5,538.23) $86,652.50 $94,530.00 $102,407.50 $110,285.00 $- $- $- $- $86,652.50 $94,530.00 $102,407.50 $110,285.00 $(20,527.95) $(23,521.40) $(26,514.85) $(29,508.30) $(1,299.79) $(1,417.95) $(1,536.11) $(1,654.28) $(3,767.50) $(4,110.00) $(4,452.50) $(4,795.00) $2,267.50 $2,610.00 $2,952.50 $3,295.00 $(133,223.08) $(148,597.90) $(163,972.73) $(179,347.55) $243,526.93 $262,402.10 $281,277.28 $300,152.45 35.4% 36.2% 36.8% 37.4% $- $- $- $-
  • 14. United Kingdom - London (all amounts are annual and in local currency, unless marked as PPP) Gross Income (PPP) $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 $225,000.00 $250,000.00 Gross Income £6,380.00 £15,950.00 £31,900.00 £47,850.00 £63,800.00 £79,750.00 £95,700.00 £111,650.00 £127,600.00 £143,550.00 £159,500.00 Gross Wages £6,380.00 £15,950.00 £31,900.00 £47,850.00 £63,800.00 £79,750.00 £95,700.00 £111,650.00 £127,600.00 £143,550.00 £159,500.00 Wage 1 £4,912.60 £12,281.50 £24,563.00 £36,844.50 £49,126.00 £61,407.50 £73,689.00 £85,970.50 £98,252.00 £110,533.50 £122,815.00 Retirement Savings 1 £- £- £- £- £- £- £- £- £- £- £- Personal Allowance 1 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 Taxable Income 1 £167.60 £7,536.50 £19,818.00 £32,099.50 £44,381.00 £56,662.50 £68,944.00 £81,225.50 £93,507.00 £105,788.50 £118,070.00 Tax 1 -£16.76 -£1,415.63 -£4,117.56 -£6,945.40 -£11,858.00 -£16,770.60 -£21,683.20 -£26,595.80 -£31,508.40 -£36,421.00 -£41,333.60 NI 1 -£19.87 -£830.45 -£2,181.41 -£3,019.93 -£3,142.74 -£3,265.56 -£3,388.37 -£3,511.19 -£3,634.00 -£3,756.82 -£3,879.63 Wage 2 £1,467.40 £3,668.50 £7,337.00 £11,005.50 £14,674.00 £18,342.50 £22,011.00 £25,679.50 £29,348.00 £33,016.50 £36,685.00 Retirement Savings 2 £- £- £- £- £- £- £- £- £- £- £- Personal Allowance 2 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 Taxable Income 2 £- £- £2,592.00 £6,260.50 £9,929.00 £13,597.50 £17,266.00 £20,934.50 £24,603.00 £28,271.50 £31,940.00 Tax 2 £- £- -£327.84 -£1,134.91 -£1,941.98 -£2,749.05 -£3,556.12 -£4,363.19 -£5,170.26 -£5,977.33 -£6,881.60 NI 2 £- £- -£286.55 -£690.09 -£1,093.62 -£1,497.16 -£1,900.69 -£2,304.23 -£2,707.76 -£2,981.65 -£3,018.33 Council Tax -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 Total Tax -£1,036.63 -£3,246.08 -£7,913.36 -£12,790.32 -£19,036.34 -£25,282.36 -£31,528.38 -£37,774.40 -£44,020.42 -£50,136.79 -£56,113.16 Net Income £5,343.37 £12,703.93 £23,986.64 £35,059.68 £44,763.66 £54,467.64 £64,171.62 £73,875.60 £83,579.58 £93,413.21 £103,386.84 Effective Tax Rate 16.2% 20.4% 24.8% 26.7% 29.8% 31.7% 32.9% 33.8% 34.5% 34.9% 35.2% Adults 2 1 or 2 Children 2 Adult 1 age 38 Adult 2 age 39 Healthcare -£1,500.00 cost of private healthcare Council Tax -£1,000.00 http://www.rbkc.gov.uk/LocalTaxes/counciltax/bands.asp; http://www.lambeth.gov.uk/counciltax/index.shtml#valuation Wage Split 77% ratio of wage 1 to wage 2 Retirement Savings 0% as a percent of wages Assumptions All retirement savings are tax-deductable (e.g., superannuation) Does not (yet) consider: capital gains, working or child tax credits, housing benefit Retirement saving is estimated and simplistic; http://www.inlandrevenue.gov.uk/pdfs/ir2008b.htm; http://www.inlandrevenue.gov.uk/pdfs/ir78.htm VAT is included in PPP Does not include ISAs or interest income Individual Tax Rates income > income < tax is this plus this of amount over source £- £2,020.00 £- 10% £- £2,020.00 £31,400.00 £202.00 22% £2,020.00 £31,400.00 £6,665.60 40% £31,400.00 National Insurance income > income < tax is this plus this of amount over (weekly) £- £91.00 £- 0% £- source £91.00 £610.00 £- 11% £91.00 £610.00 £57.09 1.0% £610.00 Personal Allowance age > Age < allowance source 0 64 £4,745.00 64 74 £6,830.00 74 £6,950.00
  • 15. $275,000.00 $300,000.00 $325,000.00 $350,000.00 £175,450.00 £191,400.00 £207,350.00 £223,300.00 £175,450.00 £191,400.00 £207,350.00 £223,300.00 £135,096.50 £147,378.00 £159,659.50 £171,941.00 £- £- £- £- -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 £130,351.50 £142,633.00 £154,914.50 £167,196.00 -£46,246.20 -£51,158.80 -£56,071.40 -£60,984.00 -£4,002.45 -£4,125.26 -£4,248.08 -£4,370.89 £40,353.50 £44,022.00 £47,690.50 £51,359.00 £- £- £- £- -£4,745.00 -£4,745.00 -£4,745.00 -£4,745.00 £35,608.50 £39,277.00 £42,945.50 £46,614.00 -£8,349.00 -£9,816.40 -£11,283.80 -£12,751.20 -£3,055.02 -£3,091.70 -£3,128.39 -£3,165.07 -£1,000.00 -£1,000.00 -£1,000.00 -£1,000.00 -£62,652.66 -£69,192.16 -£75,731.66 -£82,271.16 £112,797.34 £122,207.84 £131,618.34 £141,028.84 35.7% 36.2% 36.5% 36.8%
  • 17. United Kingdom - London (all amounts are annual and in local currency, unless marked as PPP) Gross Income (PPP) $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 $125,000.00 $150,000.00 $175,000.00 $200,000.00 Gross Income 96,900.00 kr 242,250.00 kr 484,500.00 kr 726,750.00 kr 969,000.00 kr 1,211,250.00 kr 1,453,500.00 kr 1,695,750.00 kr 1,938,000.00 kr Gross Wages 96,900.00 kr 242,250.00 kr 484,500.00 kr 726,750.00 kr 969,000.00 kr 1,211,250.00 kr 1,453,500.00 kr 1,695,750.00 kr 1,938,000.00 kr Wage 1 74,613.00 kr 186,532.50 kr 373,065.00 kr 559,597.50 kr 746,130.00 kr 932,662.50 kr 1,119,195.00 kr 1,305,727.50 kr 1,492,260.00 kr Retirement Savings 1 - kr - kr - kr - kr - kr - kr - kr - kr - kr Taxable Income 1 74,613.00 kr 186,532.50 kr 373,065.00 kr 559,597.50 kr 746,130.00 kr 932,662.50 kr 1,119,195.00 kr 1,305,727.50 kr 1,492,260.00 kr National Tax 1 - kr - kr -16,253.00 kr -87,934.38 kr -134,567.50 kr -181,200.63 kr -227,833.75 kr -274,466.88 kr -321,100.00 kr Municipal Tax 1 -22,234.67 kr -55,586.69 kr -111,173.37 kr -166,760.06 kr -222,346.74 kr -277,933.43 kr -333,520.11 kr -389,106.80 kr -444,693.48 kr Wage 2 22,287.00 kr 55,717.50 kr 111,435.00 kr 167,152.50 kr 222,870.00 kr 278,587.50 kr 334,305.00 kr 390,022.50 kr 445,740.00 kr Retirement Savings 2 - kr - kr - kr - kr - kr - kr - kr - kr - kr Taxable Income 2 22,287.00 kr 55,717.50 kr 111,435.00 kr 167,152.50 kr 222,870.00 kr 278,587.50 kr 334,305.00 kr 390,022.50 kr 445,740.00 kr National Tax 2 - kr - kr - kr - kr - kr - kr -8,501.00 kr -19,644.50 kr -59,470.00 kr Municipal Tax 2 -6,641.53 kr -16,603.82 kr -33,207.63 kr -49,811.45 kr -66,415.26 kr -83,019.08 kr -99,622.89 kr -116,226.71 kr -132,830.52 kr Total Tax -28,876.20 kr -72,190.50 kr -160,634.00 kr -304,505.88 kr -423,329.50 kr -542,153.13 kr -669,477.75 kr -799,444.88 kr -958,094.00 kr Net Income 68,023.80 kr 170,059.50 kr 323,866.00 kr 422,244.13 kr 545,670.50 kr 669,096.88 kr 784,022.25 kr 896,305.13 kr 979,906.00 kr Effective Tax Rate 29.8% 29.8% 33.2% 41.9% 43.7% 44.8% 46.1% 47.1% 49.4% Adults 2 1 or 2 Children 2 Municipal Tax 29.80% http://www2.stockholm.se/english/cityofsthlm/gov/budget.htm Wage Split 77% ratio of wage 1 to wage 2 Retirement Savings 0% as a percent of wages Assumptions All retirement savings are tax-deductable (e.g., superannuation) Does not (yet) consider: capital gains, tax credits Retirement saving is estimated and simplistic VAT is included in PPP National Tax Rates income > income < tax is this plus this of amount over source - kr 291,800.00 kr - kr 0% - kr 291,800.00 kr 390,400.00 kr - kr 20% 291,800.00 kr 441,300.00 kr 58,360.00 kr 25% 441,300.00 kr
  • 18. $225,000.00 $250,000.00 $275,000.00 $300,000.00 $325,000.00 $350,000.00 2,180,250.00 kr 2,422,500.00 kr 2,664,750.00 kr 2,907,000.00 kr 3,149,250.00 kr 3,391,500.00 kr 2,180,250.00 kr 2,422,500.00 kr 2,664,750.00 kr 2,907,000.00 kr 3,149,250.00 kr 3,391,500.00 kr 1,678,792.50 kr 1,865,325.00 kr 2,051,857.50 kr 2,238,390.00 kr 2,424,922.50 kr 2,611,455.00 kr - kr - kr - kr - kr - kr - kr 1,678,792.50 kr 1,865,325.00 kr 2,051,857.50 kr 2,238,390.00 kr 2,424,922.50 kr 2,611,455.00 kr -367,733.13 kr -414,366.25 kr -460,999.38 kr -507,632.50 kr -554,265.63 kr -600,898.75 kr -500,280.17 kr -555,866.85 kr -611,453.54 kr -667,040.22 kr -722,626.91 kr -778,213.59 kr 501,457.50 kr 557,175.00 kr 612,892.50 kr 668,610.00 kr 724,327.50 kr 780,045.00 kr - kr - kr - kr - kr - kr - kr 501,457.50 kr 557,175.00 kr 612,892.50 kr 668,610.00 kr 724,327.50 kr 780,045.00 kr -73,399.38 kr -87,328.75 kr -101,258.13 kr -115,187.50 kr -129,116.88 kr -143,046.25 kr -149,434.34 kr -166,038.15 kr -182,641.97 kr -199,245.78 kr -215,849.60 kr -232,453.41 kr -1,090,847.00 kr -1,223,600.00 kr -1,356,353.00 kr -1,489,106.00 kr -1,621,859.00 kr -1,754,612.00 kr 1,089,403.00 kr 1,198,900.00 kr 1,308,397.00 kr 1,417,894.00 kr 1,527,391.00 kr 1,636,888.00 kr 50.0% 50.5% 50.9% 51.2% 51.5% 51.7%
  • 20. Country PPP source US 1.000 AU 1.370 UK 0.638 SE 9.690