The Daily Aus POD
Region: AU
Tuesday 11 June 2024 01:15:21 GMT
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tman :
so yes you are paying more tax on your second job due to no tax free threshold
2024-06-11 07:54:12
61
BibbyLou :
It USED to be you were taxed more on your second job but they changed it a handful of years ago
2024-06-18 22:15:48
1
Ricki Lor :
lets say i earn 100k for one job, but my brother does 2 jobs totalling 100k, the tax should be exactly at the same even though he pays more tax at 2nd job? confusing.
2024-06-15 05:32:48
6
HCRTechGuy :
Finally! Validation that I am not the only person in the country that understands this!
2024-06-11 02:39:38
73
Chucky1101 :
You do pay more tax on the second job.
2024-06-12 01:36:10
2
I’m a kangaroo :
You just have to wait 12 months to do your return 🤣
2024-06-11 02:43:59
3
Mike H19 :
it's true the ATO only considers the total, but your effective tax rate on the 2nd will be higher as it's all marginal income on top of the first.
2024-06-20 12:45:22
3
chemikhirhb :
so for your second job would you claim the threshold?
2024-06-12 01:14:36
0
Vee :
You can only claim the tax free threshold once.
2024-06-23 00:20:42
0
mrdriveroz :
This was a very clear & simple explanation, yet many in the comments don’t seem to get it!
2024-06-22 12:23:12
4
CryptoWaveAnalysis :
I once had a tax agent tell me I paid more cause of a second job I walked out immediately and changed
2024-09-08 19:51:18
0
Alice :
That’s when I need it … in the pay packet
2024-06-11 22:44:45
2
Alba gu bràth :
We’re so lucky that these people with so much life experience are here to explain all this to us …
2024-06-11 23:52:44
2
Princess T 👸🏼 :
I work 2 jobs , working 50 hours a week and yet till owe money to the ATO every year, it’s a joke !
2024-07-14 10:24:54
0
Jennifer Pelle :
The issue is on the second job they aren’t taxing it at a high enough amount. Now I have to pay $3k
2024-07-21 13:28:03
0
Amber Evans :
End of the year... Not end of the day... so you have to wait 12 months to get that back if You have 5 jobs that all pay $200 a week...
2024-07-04 01:14:51
1
Chromaggia :
but you get taxed more cause u cant claim the tax free threshold on 2 jobs
2024-08-14 09:52:15
0
Toofy :
the second job is a secondary source of income, so your take-home pay for that job is taxed more than just doing it by itself as you're now in a higher tax bracket. the issue here is burnout for less gain. yes the ATO looks at the whole number
2024-06-11 02:17:38
3
Jacob Peattie :
Man the number of people in these comments who are so confidently wrong about tax. The video is right and you people don’t know how tax brackets work.
2024-06-12 02:49:59
3
it's not easy under Albanese :
if people are too silly to understand our basic tax system, they probably shouldn't work
2024-06-16 07:59:30
2
default nickname :
yes, cos the govt has your tax $ until you get it back at end of year?
2024-07-28 08:16:10
1
lone wolf :
we are paying toooooo much tax
2024-06-11 07:39:10
13
BALLY MAN :
If you get a second job just push for your employer to pay cash and don’t declare it. Simple.
2024-06-11 19:30:23
2
sam_k45 :
you're taxed more at the time, but not at the time of doing your tax return.
2024-06-11 10:42:13
1
32569 years old :
When I was younger I was always told it has to do with a threshold? Can’t remember exactly what it was but
2024-06-11 03:05:23
1
THUNDER :
Self employed it’s called earnings you pay nothing because you don’t have an income tax.
2024-07-10 10:36:15
0
THUNDER :
Show me the low that tax is built in ?
2024-07-10 10:34:03
0
gsxrWestSyd :
it's 50%
2024-07-07 07:52:55
0
TonyTones :
Always a rip off and illegal tax rip off
2024-06-30 18:58:19
0
itsahoax123 :
No pentalty at all? So paying 48% tax to someone with no skin in the game is acceptable? Even 30% is ludicrous, especially when they give away our resources to foreign companies to sell and control.
2024-06-24 21:22:09
0
teepep :
💯
2024-06-24 18:57:42
0
Patches654 :
Exaction, not extortion, but…
2024-06-24 11:01:07
0
Doug Parker :
cash work saves all these tax headaches 👌
2024-06-24 08:02:16
0
Naomi :
You only pay more tax upfront on the 2nd job coz they can’t predict how much you will earn for the year, so they over estimate. You get that tax back when you do your tax return on your total income
2024-06-23 04:17:26
0
Joel :
When people in their 20-30’s not knowing what the TFT is. Wild.
2024-06-23 01:25:53
0
Jezodi :
When I finally learnt this - mind blown! Thank you for providing information like this, and breaking it down to make it easier to understand!
2024-06-22 05:28:54
0
N :
i remember being told you get taxed at the highest tax rate on your second job. so you are paying more tax temporarily however youll see a bigger return at tax time because youll get the extra back
2024-06-21 05:42:22
0
Storm Dance and Design :
The second job is taxed more as you earn it as it may put you in a higher bracket.
2024-06-21 03:39:53
0
bxbhrbvrhdh :
Yeah you are lol because they are withholding more of your money. We need the money now and not after EFY😂😂 And Good luck with that
2024-06-21 03:12:21
0
Smee :
It’s the same when people say they won’t do x amount of overtime in one pay period but do the same amount over a couple to save paying tax . I am always amazed at that misconception
2024-06-19 20:12:35
0
sharnika kuhn :
@Lily Halpin
2024-06-19 10:15:37
0
Lou :
I think it needs to be simplified. the "you can only claim the TFT from one employer/job" is exactly where the confusion is.
2024-06-19 06:30:04
0
just.surviving.motherhood :
unless you don't claim the tax free threshold, then you get pay a slightly higher tax rate. is that right?
2024-06-19 02:34:28
0
pfizzza :
There’s another table and an income bracket threshold for the second payee to follow for a second job. So you are taxed a slight more 🤷🏽♀️
2024-06-18 19:49:23
0
davidchambers2878 :
thought so 👍
2024-06-18 17:16:48
0
SweetChiliCheeseyGarlicBread :
Wish more people understood this 👌
2024-06-17 15:14:30
0
DAVID BLOWIE :
hahaha year 7 economics
2024-06-12 21:21:27
0
𝘿𝙧𝙍𝙪𝙗𝙗𝙚𝙧 :
Same in NZ and everyone cry's "sEcOndaRy tAx" 🤦♂️
2024-06-12 11:08:41
0
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