Wages, 1960-1969. Federal Minimum Wage. Chart from the U.S. Dept of Labor shows the first federal minimum wage law enacted in 1938 (25 cents), and all subsequent increases through 2009. States could enact minimum wage laws as well, if they wished to have a higher minimum than that specified by the federal government.hart from the U.S. Dept of Labor shows the first federal minimum wage law enacted in 1938 (25 cents), and all subsequent increases through 2009. States could enact minimum wage laws as well, if they wished to have a higher minimum than that specified by the federal government.
The deal is that you increase your superannuation balance (and pay 15% contributions tax, and for those earning an adjusted taxable income of more than $300,000, 30% tax on super contributions) while reducing the amount of income tax payable (up to 49% including Medicare levy) on your salary or wages.
So you would owe $20,000 in federal capital gains taxes and whatever extra in state tax. If you sold in 2013, and your adjusted gross income (AGI) topped $200,000 (if single) or $250,000 if married), you might owe an extra 3.8 percent on the $100,000, or $3,800, for the Medicare tax.f you sold in 2013, and your adjusted gross income (AGI) topped $200,000 (if single) or $250,000 if married), you might owe an extra 3.8 percent on the $100,000, or $3,800, for the Medicare tax.