Income tax threshold
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The income tax threshold is the income level at which a person begins paying income taxes. The income threshold is the:
- Personal allowance in the UK, equivalent to £8,105 in 2012–13 and £9,440 in 2013-14.
- Basic allowance in Germany, equivalent to €8,004 in 2012.
- Income tax threshold in France, equivalent to €6,088 in 2012.
- Sum of the standard deduction and personal exemption in the US.
- Basic personal amount in Canada, equivalent to $10,822 in 2012.
- Tax-free threshold in Australia, equivalent to $18,200 in 2012-13.
- Tax-free threshold in Greece, equivalent to €5,000 in 2012.
See also