Australian Income Tax Rates for the year 2008/2009
|
Taxable income |
Tax on this income |
|
$0 ?? $6,000 |
Nil |
|
$6,001 ?? $34,000 |
15c for each $1 over $6,000 |
|
$34,001 ?? $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
|
$80,001 ?? $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
|
Over $180,000 |
$58,000 plus 45c for each $1 over $180,000 |
* Low income earners under $14,000 pay no tax, due to the Low Income Tax Offset.
The above rates DO NOT include the 1.5% Medicare levy