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Old 01-10-2018, 08:49 PM
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Quote:
Originally Posted by Unregistered View Post
50 yr old
Income $63k pa
How am I doing?
Am I considered low income for my age group?
Your income is higher than 57% of taxpayers. So you are not low income. There are people your age who may earn less than you. For example a 50 year old manager may lose his job due to poor performance and may need to drive a taxi. He could only earn maybe $3k per month or $36k pa. You are earning $63k pa or $5.25k pm. You are earning a lot more than him. So be happy, don't complain.
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