Are compulsory social security contributions considered a tax. I read somewhere recently they are but not convinced. Can anyone confirm please?
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Sorry, its under the heading Australia Individual - Other taxes
https://taxsummaries.pwc.com/australia/individual/other-taxes
From memory, govt argued that it was a levy, not a tax, when it was introduced.
Tax offsets do not reduce M levy (other than Forn tax credits) so probably not a tax.
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Are compulsory social security contributions considered a tax. I read somewhere recently they are but not convinced. Can anyone confirm please?
An example would be helpful