income_tax: Calculate income or superannuation tax liability. Defaults to...

In thmcmahon/taxFunctions: Income tax functions

Description

Calculate income or superannuation tax liability. Defaults to 2012-13 tax scales.

Usage

income_tax(income, rates = c(0, 0.19, 0.325, 0.37, 0.45),
  brackets = c(18200, 37000, 80000, 180000, Inf))

Arguments

income	Numeric. Gross income.
rates	Numeric vector. Rate for each bracket.
brackets	Numeric vector. Top of each tax bracket.

Examples

# Calculate tax liability for taxpayer with gross income of 50,000
income_tax(50000)

thmcmahon/taxFunctions documentation built on May 31, 2019, 10:45 a.m.