lmito: Low and Middle Income Tax Offset

In thmcmahon/taxFunctions: Income tax functions

Description

Low and Middle Income Tax Offset

Usage

lmito(income, initial_value = 200, increased_value = 530,
  taper_one_start = 37000, taper_two_start = 90000, taper_in_rate = 0.03,
  taper_out_rate = 0.015)

Arguments

income	Numeric. Gross income.
initial_value	Numeric. The value of the first step of the offset.
increased_value	Numeric. THe value of the second step of the offset.
taper_one_start	Numeric. The point at which the offset tapers up.
taper_two_start	Numeric. The point at which the offset tapers down.
taper_in_rate	Numeric. The rate at which the offset tapers up.
taper_out_rate	Numeric. The rate at which the offset tapers out.

Examples

lmito(75000)

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