'Taxes, after all, are dues that we pay for the privileges of membership in an organised society'. Franklin D Roosevelt
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Fact 3
Tax-free threshold
Individuals who are Australian residents for taxation purposes pay no tax on the first $18,200 taxable income for the full financial year. This is called the tax-free threshold. They may claim the tax-free threshold from one employer only. Non-residents cannot claim the tax-free threshold.
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