Apps, Patricia (contributor); Rees, Ray (contributor); … - 2007
viewed as having a progressive tax on individual incomes. However,
the rate schedule of a country’s income tax system is set … 2006-07 schedule of MTRs on personal
income is combined with the Low Income Tax Offset (LITO). The LITO has the effect of …
raising the zero rated threshold of the personal income tax rate schedule from $6000 to
$10,000 and the MTR on income from …