Income tax threshold

From Infogalactic: the planetary knowledge core
Jump to: navigation, search

The income tax threshold is the income level at which a person begins paying income taxes.[1] 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.[2][3][4]
  • Basic allowance in Germany, which was €8,004 in 2012.
  • Income tax threshold in France, which was €6,088 in 2012.
  • Sum of the standard deduction and personal exemption in the US, which was $9,750 in 2012 for a single person.[5]
  • Basic personal amount in Canada, which was C$10,822 in 2012.[6]
  • Tax-free threshold in Australia, which was A$18,200 in 2012-13.[7][8]
  • Tax-free threshold in Greece, which was €9,545 in 2016.[9]
  • Tax-free threshold in Poland, which was €736 in 2013 (equivalent to $1,007). [10]
  • Minimum wage in Israel, which was 4,700 in 2012 (equivalent to $1,334).[dubious ]

See also