New England Online > Economy > Taxation > Income Tax
Income Tax
| Rates of Income Tax | ||
|---|---|---|
| Bracket | Income | Rate |
| Exempt | < C19,999 | Zero |
| First | C20,000 - C39,999 | C0.20 |
| Second | C40,000 - C89,999 | C0.30 |
| Third | C90,000 - C149,999 | C0.40 |
| Forth | C150,000 > | C0.50 |
New England uses a system of progressive taxation on personal income that is collected as a pay-as-you-go tax, which is essentially the same system that existed in Australia when New England became independent in 2012.
