Temporary Budget Repair Levy 2014-2017



Vision Direct
ai1

The Temporary Budget Repair Levy – Australian Federal Budget 2014.

As part of the 2014-15 Australian Federal Budget, the Temporary Budget Repair Levy will commence from 1st July 2014 and be in place for three years

This is a levy on high paid earners (over $180,000 per year) only.

The levy will be applied at two per cent on taxable income in excess of $180,000, and is expected to raise $3.1 billion over the three years that it will be in place.

The actual amounts payable will be:

Taxable Income Tax Year
Annual
2014-15 2015-16 2016-17 2017-18
$ 100,000 $ – $ – $ – $ –
$ 110,000 $ – $ – $ – $ –
$ 120,000 $ – $ – $ – $ –
$ 130,000 $ – $ – $ – $ –
$ 140,000 $ – $ – $ – $ –
$ 150,000 $ – $ – $ – $ –
$ 160,000 $ – $ – $ – $ –
$ 170,000 $ – $ – $ – $ –
$ 180,000 $ – $ – $ – $ –
$ 190,000 $ 200 $ 200 $ 200 $ –
$ 200,000 $ 400 $ 400 $ 400 $ –
$ 210,000 $ 600 $ 600 $ 600 $ –
$ 220,000 $ 800 $ 800 $ 800 $ –
$ 230,000 $ 1,000 $ 1,000 $ 1,000 $ –
$ 240,000 $ 1,200 $ 1,200 $ 1,200 $ –
$ 250,000 $ 1,400 $ 1,400 $ 1,400 $ –
$ 260,000 $ 1,600 $ 1,600 $ 1,600 $ –
$ 270,000 $ 1,800 $ 1,800 $ 1,800 $ –
$ 280,000 $ 2,000 $ 2,000 $ 2,000 $ –
$ 290,000 $ 2,200 $ 2,200 $ 2,200 $ –
$ 300,000 $ 2,400 $ 2,400 $ 2,400 $ –
$ 350,000 $ 3,400 $ 3,400 $ 3,400 $ –
$ 400,000 $ 4,400 $ 4,400 $ 4,400 $ –
$ 450,000 $ 5,400 $ 5,400 $ 5,400 $ –
$ 500,000 $ 6,400 $ 6,400 $ 6,400 $ –
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments