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Further changes to the threshold for the 32.5c and 37c bracket were made in 2019 by the Morrison Liberal Government, increasing the threshold for the marginal 32.5% rate to $45,001 (previously $37,001, initially legislated to be $41,001), and bringing the changes forward to 2020 (instead of 2022) (see Stage three tax cuts)
Over the last 20 years, this has meant that the bottom 50% of taxpayers have always paid less than 5% of the total individual federal income taxes paid, (gradually declining from 5% in 2001 to 2.3% in 2020) with the top 50% of taxpayers consistently paying 95% or more of the tax collected, and the top 1% paying 33% in 2001, increasing to 42% by ...
Similarly, if the final digit on the right of the decimal mark is zero—that is, if b n = 0 —it may be removed; conversely, trailing zeros may be added after the decimal mark without changing the represented number; [note 1] for example, 15 = 15.0 = 15.00 and 5.2 = 5.20 = 5.200. For representing a negative number, a minus sign is placed ...
Dot-decimal notation is a presentation format for numerical data. It consists of a string of decimal numbers, using the full stop (dot) as a separation character. [1]A common use of dot-decimal notation is in information technology where it is a method of writing numbers in octet-grouped base-10 numbers. [2]