Australia economy

Australia economy
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  • Australia Capitalism
  • Zac Harris
  • People in a capitalist economy choose where they work and what they want to do.
  • Australia has one of the finest education systems in the world. Children go to school for 15 years. Kids have the best technology available to them and attend for free.
  • The cost for health insurance in Australia can range from $40 to over $300 per month but citizens pay nothing out of pocket when an accident happens.
  • Taxes in Australia are low for people make less than $80,000. If you make more than that you will be taxed at least $17,000 plus 37 cents for every dollar over $80,000.  If you make over $180,000 you will be taxed over $54,000 plus 45 cents for every dollar over that.
  • Australia is ruled by a constitutional monarchy that has 3 branches.  The executive, legislative, and judicial branch.
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