Income Tax Rates

 

 

Tax Rates - 2010-2011 Financial Year

Personal Tax rates (Resident):

Taxable income	Tax payable/Marginal rate
Up to $6,000	Nil
$6,001 – $37,000	Nil + 15% of each dollar over $6,000
$37,001 – $80,000	$4,650 + 30% of each dollar over $37,000
$80,001 –  $180,000	$17,550 + 37% of each dollar over $80,000
Over $180,000	$54,550 + 45% of each dollar over $180,000
Medicare Levy	1.5% of taxable income

Family Tax Assistance is not included in the Tax Free Threshold

 

Tax Rates - 2009/2010 Financial Year

Personal Tax rates (Resident):

Taxable income	Tax payable/Marginal rate
Up to $6,000	Nil
$6,001 – $35,000	Nil + 15% of each dollar over $6,000
$35,001 – $80,000	$4,350 + 30% of each dollar over $35,000
$80,001 –  $180,000	$17,850 + 38% of each dollar over $80,000
Over $180,000	$55,850 + 45% of each dollar over $180,000
Medicare Levy	1.5% of taxable income

Family Tax Assistance is not included in the Tax Free Threshold

 

Tax Rates - 2008/2009 Financial Year

Personal Tax rates (Resident):

Taxable income	Tax payable/Marginal rate
Up to $6,000	Nil
$6,001 – $30,000	Nil + 15% of each dollar over $6,000
$30,001 – $80,000	$3,600 + 30% of each dollar over $30,000
$80,001 –  $180,000	$18,600 + 40% of each dollar over $80,000
Over $180,000	$63,600 + 45% of each dollar over $180,000
Medicare Levy	1.5% of taxable income

 

Tax Rates - 2007/2008 Financial Year

Personal Tax rates (Resident):

Taxable income	Tax payable/Marginal rate
Up to $6,000	Nil
$6,001 – $30,000	Nil + 15% of each dollar over $6,000
$30,001 – $75,000	$3,600 + 30% of each dollar over $30,000
$75,001 –  $150,000	$17,100 + 40% of each dollar over $75,000
Over $150,000	$47,100 + 45% of each dollar over $150,000
Medicare Levy	1.5% of taxable income

 

 

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