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.
1 It proposes to amend the Superannuation Contributions Tax (Assessment and Collection) Act 1997 to ensure that only the post 20 August 1996 amount of an employer eligible termination payment (ETP) taken as cash will be potentially subject to a surcharge.he termination payment surcharge is a similar tax to the much maligned superannuation contributions surcharge tax. Like the superannuation contributions surcharge, the termination payments surcharge came into effect after 7:30 PM legal time in the Australian Capital Territory on 20 August 1996.