13. Australia Compared To America
Remember, in the United States, you need to earn about half a million dollars per year to be in the top one percent and considered rich. However, in Australia, that number is more than halved at only $246,000. That number is before taxes, though, as those in Australia’s highest income bracket have to pay about half of their earnings in taxes.
Australia is one of the countries whose government believes that wealthy people have an obligation to those who have less money. While many wealthy Americans turn to philanthropy to redistribute their wealth on their own terms, the Australian government requires that those in the top income bracket pay their fair share for social services.