|
|
 |
|
|
|
Only subscribers can see all content on this website. Please view the "Free Sample of Topics" on our Home page.
| |
|
Adult Income Tax Rates - Residents
|
|
|
|
* Please click on maximise [+], not the titles, to display the contents of any hidden containers *
| |
|
Summary of Content on this Topic viewable by our subscribers
|
 |
|
- Calculators
- Taxable Incomes for Average Tax Rates - 5%, 10%, 15%, 20%, 25%, 27.5%, 30%, 35%, 40%, 45%
- Spouse Details - what if they won't tell you?
- Basic Tax Rates and Thresholds 2014/2015 to 2024/2025
- Basic Tax Rates and Thresholds 1983/1984 to 2013/2014
- The Real Tax Rates and Thresholds after applying the LITO and Medicare Levy 2014/2015 todate
- The Real Tax Rates and Thresholds after applying the LITO and Medicare Levy 2009/2010 to 2013/2014
- Links to expert information on this topic
|
If you are a resident for Australian tax purposes for the full year the following rates apply.
| |
|
2012/2013, 2013/2014
|
 |
|
|
Taxable income
|
Tax on this income
|
|
$0 – $18,200
|
Nil
|
|
$18,201 – $37,000
|
19c for each $1 over $18,200
|
|
$37,001 – $80,000
|
$3,572 plus 32.5c for each $1 over $37,000
|
|
$80,001 – $180,000
|
$17,547 plus 37c for each $1 over $80,000
|
|
Over $180,000
|
$54,547 plus 45c for each $1 over $180,000
|
The above rates do not include:
> the Medicare levy or
> the effect of Income Tax Offsets.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
|
| |
|
2012/2013, 2013/2014 - The real tax rates after applying the LITO and Medicare Levy
|
 |
|
|
|
|
|
|
|
|
|
|
| Taxable |
Tax & |
|
Marginal |
|
|
|
|
|
| Income |
Medicare |
Next |
Tax Rate |
Reason |
|
|
|
|
|
$0
|
$0
|
$18,200
|
0%
|
LITO kicks in after $18,200 |
|
|
|
$18,200
|
$0
|
$2,342
|
0.0%
|
19% Marginal Tax Rate starts at $18,200 |
|
|
$20,542
|
$0
|
$3,625
|
29.0%
|
10% Medicare Levy Rate starts at $20,542 |
|
|
$24,167
|
$1,051
|
$12,833
|
20.5%
|
1.5% Medicare Levy Rate starts at $24,167 |
|
|
$37,000
|
$3,682
|
$0
|
20.5%
|
LITO maximum offset reduces after $37,000 |
|
|
$37,000
|
$3,682
|
$29,667
|
35.5%
|
32.5% Marginal Tax Rate starts at $37,000 |
|
|
$66,667
|
$14,214
|
$13,333
|
34.0%
|
LITO cuts out at $66,667 |
|
|
|
$80,000
|
$18,747
|
$100,000
|
38.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The Marginal Tax Rate between $18,200 and $37,000 is 19.6% |
|
|
|
| The Marginal Tax Rate between $20,542 and $37,000 is 22.4% |
|
|
|
| The Marginal Tax Rate between $37,000 and $80,000 is 35.0% |
|
|
|
|
|
|
|
|
|
|
|
|
| The marginal tax rates above includes the Medicare Levy , if applicable. |
|
|
| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
|
| Medicare Levy and Low income tax offset (LITO). |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Taxpayers should consider other available marginal tax rates. |
|
|
|
|
|
|
|
|
|
|
|
|
| The above table assumes that the taxpayer is single and not entitled to any other offsets |
|
| and (if they have taxable income above $84,000 for 2012/2013 and $88,000 for 2013/2014) |
| that they have adequate private health insurance to avoid the Medicare Surcharge |
|
|
|
|
|
|
|
|
|
|
|
| |
|
2010/2011, 2011/2012
|
 |
|
|
Taxable income
|
Tax on this income
|
|
$0 – $6,000
|
Nil
|
|
$6,001 – $37,000
|
15c for each $1 over $6,000
|
|
$37,001 – $80,000
|
$4,650 plus 30c for each $1 over $37,000
|
|
$80,001 – $180,000
|
$17,550 plus 37c for each $1 over $80,000
|
|
Over $180,000
|
$54,550 plus 45c for each $1 over $180,000
|
The above rates do not include:
> the Medicare levy or
> the Flood Levy (2011/2012) or
> the effect of Income Tax Offsets.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
|
| |
|
2011/2012 -The real tax rates after applying LITO and the Levies
|
 |
|
| |
|
|
|
|
|
|
|
| Taxable |
Tax & |
|
Marginal |
|
|
|
|
| Income |
Medicare |
Next |
Tax Rate |
Reason |
|
|
|
| $0 |
$0 |
$16,000 |
0% |
LITO kicks in after $6,000 |
|
| $16,000 |
$0 |
$3,404 |
15.0% |
15% Marginal Tax Rate starts at $16,000 |
| $19,404 |
$511 |
$3,424 |
25.0% |
10% Medicare Levy Rate starts at $19,404 |
| $22,828 |
$1,367 |
$7,172 |
16.5% |
1.5% Medicare Levy Rate starts at $22,828 |
| $30,000 |
$2,550 |
$7,000 |
20.5% |
LITO maximum offset reduces after $30,000 |
| $37,000 |
$3,985 |
$13,000 |
35.8% |
31.5% Marginal Tax Rate starts at $37,000 |
| $50,000 |
$8,600 |
$17,500 |
34.3% |
0.5% Flood Levy starts at $50,000 |
| $67,500 |
$14,900 |
$12,500 |
32.0% |
LITO cuts out at $67,500 |
|
| $80,000 |
$18,900 |
$20,000 |
39.0% |
37% Marginal Tax Rate starts at $80,000 |
| $100,000 |
$26,700 |
$80,000 |
39.5% |
1.0% Flood Levy starts at $100,000 |
| |
|
|
|
|
|
|
|
| The Marginal Tax Rate between $16,000 and $22,828 is 20% |
|
|
| The Marginal Tax Rate between $16,000 and $30,000 is 18.2% |
|
|
| The Marginal Tax Rate between $16,000 and $37,000 is 19.0% |
|
|
| The Marginal Tax Rate between $37,000 and $80,000 is 34.7% |
|
|
| The Marginal Tax Rate between $50,000 and $80,000 is 34.3% |
|
|
| |
|
|
|
|
|
|
|
| The marginal tax rates above include the Medicare and Flood Levy , if applicable. |
| The excessive marginal tax rates are caused by the interaction of 3 thresholds |
| Medicare Levy, Flood Levy and Low income tax offset (LITO). |
|
|
| |
|
|
|
|
|
|
|
| Taxpayers should consider other available marginal tax rates. |
|
|
| |
|
|
|
|
|
|
|
| The above table assumes that the taxpayer is single and not entitled to any other offsets |
| and (if they have taxable income above $80,000) that they have adequate private |
| health insurance to avoid the Medicare Surcharge |
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
2010/2011 - The real tax rates after applying LITO and Medicare Levy
|
 |
|
| |
|
|
|
|
|
|
|
| Taxable |
Tax & |
|
Marginal |
|
|
|
|
| Income |
Medicare |
Next |
Tax Rate |
Reason |
|
|
|
| $0 |
$0 |
$16,000 |
0% |
LITO kicks in after $6,000 |
|
| $16,000 |
$0 |
$2,839 |
15.0% |
15% Marginal Tax Rate starts at $16,000 |
| $18,839 |
$426 |
$3,324 |
25.0% |
10% Medicare Levy Rate starts at $18,839 |
| $22,163 |
$1,257 |
$7,837 |
16.5% |
1.5% Medicare Levy Rate starts at $22,163 |
| $30,000 |
$2,550 |
$7,000 |
20.5% |
LITO maximum offset reduces after $30,000 |
| $37,000 |
$3,985 |
$30,500 |
35.5% |
31.5% Marginal Tax Rate starts at $37,000 |
| $67,500 |
$14,813 |
$12,500 |
31.5% |
LITO cuts out at $67,500 |
|
| $80,000 |
$18,750 |
$100,000 |
38.5% |
|
|
|
|
| |
|
|
|
|
|
|
|
| The Marginal Tax Rate between $16,000 and $22,163 is 20.4% |
|
|
| The Marginal Tax Rate between $16,000 and $30,000 is 18.2% |
|
|
| The Marginal Tax Rate between $16,000 and $37,000 is 19.0% |
|
|
| The Marginal Tax Rate between $37,000 and $80,000 is 34.3% |
|
|
| |
|
|
|
|
|
|
|
| The marginal tax rates above include Medicare Levy, if applicable. |
|
|
| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
| Medicare Levy and Low income tax offset (LITO). |
|
|
|
| |
|
|
|
|
|
|
|
| Taxpayers should consider other available marginal tax rates. |
|
|
| |
|
|
|
|
|
|
|
| The above table assumes that the taxpayer is single and not entitled to any other offsets |
| and (if they have taxable income above $77,000) that they have adequate private |
| health insurance |
|
|
|
|
|
|
|
| |
|
2009/2010
|
 |
|
|
Taxable income
|
Tax on this income
|
|
$0 – $6,000
|
Nil
|
|
$6,001 – $35,000
|
15c for each $1 over $6,000
|
|
$35,001 – $80,000
|
$4,350 plus 30c for each $1 over $35,000
|
|
$80,001 – $180,000
|
$17,850 plus 38c for each $1 over $80,000
|
|
Over $180,000
|
$55,850 plus 45c for each $1 over $180,000
|
The rates above exclude the Medicare levy and the effect of Income Tax Offsets
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
|
| |
|
2009/2010 - The real tax rates after applying LITO and Medicare Levy
|
 |
|
| |
|
|
|
|
|
|
|
| Taxable |
Tax & |
|
Marginal |
|
|
|
|
| Income |
Medicare |
Next |
Tax Rate |
Reason |
|
|
|
| $0 |
$0 |
$15,000 |
0% |
LITO starts at $6,000 |
|
| $15,000 |
$0 |
$3,488 |
15.0% |
15% Marginal Tax Rate starts at $15,000 |
| $18,488 |
$523 |
$3,262 |
25.0% |
10% Medicare Levy Rate kicks in at $18,488 |
| $21,750 |
$1,339 |
$8,250 |
16.5% |
1.5% Medicare Levy Rate kicks in at $21,750 |
| $30,000 |
$2,700 |
$5,000 |
20.5% |
LITO maximum offset reduces after $30,000 |
| $35,000 |
$3,725 |
$28,750 |
35.5% |
31.5% Marginal Tax Rate kicks in after $35,000 |
| $63,750 |
$13,931 |
$16,250 |
31.5% |
LITO cuts out at $63,750 |
|
| $80,000 |
$19,050 |
$100,000 |
39.5% |
|
|
|
|
| |
|
|
|
|
|
|
|
| The Marginal Tax Rate between $15,000 and $21,750 is 19.837% |
|
|
| The Marginal Tax Rate between $15,000 and $30,000 is 18.0% |
|
|
| The Marginal Tax Rate between $15,000 and $35,000 is 18.625% |
|
|
| The Marginal Tax Rate between $35,000 and $80,000 is 34.055% |
|
|
| |
|
|
|
|
|
|
|
| The marginal tax rates above include Medicare Levy, if applicable. |
|
|
| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
| Medicare Levy and Low income tax offset (LITO). |
|
|
|
| |
|
|
|
|
|
|
|
| Taxpayers should consider other available marginal tax rates. |
|
|
| |
|
|
|
|
|
|
|
| The above table assumes that the taxpayer is single and not entitled to any other offsets |
| and (if they have taxable income above $73,000) that they have adequate private |
| health insurance |
|
|
|
|
|
|
|
| |
|
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 |
The above rates do not include the Medicare levy.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
The ‘Part-Year Tax-Free Threshold’ for taxpayers ceasing full-time education was removed with effect from the 2006/2007 income year. A full year threshold applies.
|
| |
|
2007/2008
|
 |
|
Tax rates 2007/2008
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $30,000 |
15c for each $1 over $6,000 |
|
$30,001 – $75,000 |
$3,600 plus 30c for each $1 over $30,000 |
|
$75,001 – $150,000 |
$17,100 plus 40c for each $1 over $75,000 |
|
Over $150,000 |
$47,100 plus 45c for each $1 over $150,000 |
The above rates do not include the Medicare levy.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
The ‘Part-Year Tax-Free Threshold’ for taxpayers ceasing full-time education was removed with effect from the 2006/2007 income year. A full year threshold applies.
|
| |
|
2006/2007
|
 |
|
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $25,000 |
15c for each $1 over $6,000 |
|
$25,001 – $75,000 |
$2,850 plus 30c for each $1 over $25,000 |
|
$75,001 – $150,000 |
$17,850 plus 40c for each $1 over $75,000 |
|
Over $150,000 |
$47,850 plus 45c for each $1 over $150,000 |
The above rates do not include the Medicare levy.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
The ‘Part-Year Tax-Free Threshold’ for taxpayers ceasing full-time education has been removed with effect from the 2006/2007 income year. A full year threshold will apply.
|
| |
|
2000 to 2006
|
 |
|
The rates below do not include the Medicare levy.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> did not leave full-time education for the first time during the financial year.
Refer to link below: ‘Part-year Tax-free Threshold’.
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
Tax rates 2005/2006
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $21,600 |
15c for each $1 over $6,000 |
|
$21,601 – $63,000 |
$2,340 plus 30c for each $1 over $21,600 |
|
$63,001 – $95,000 |
$14,760 plus 42c for each $1 over $63,000 |
|
Over $95,000 |
$28,200 plus 47c for each $1 over $95,000 |
Tax rates 2004/2005
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $21,600 |
17c for each $1 over $6,000 |
|
$21,601 – $58,000 |
$2,652 plus 30c for each $1 over $21,600 |
|
$58,001 – $70,000 |
$13,572 plus 42c for each $1 over $58,000 |
|
Over $70,000 |
$18,612 plus 47c for each $1 over $70,000 |
Tax rates 2003/2004
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $21,600 |
17c for each $1 over $6,000 |
|
$21,601 – $52,000 |
$2,652 plus 30c for each $1 over $21,600 |
|
$52,001 – $62,500 |
$11,772 plus 42c for each $1 over $52,000 |
|
Over $62,501 |
$16,182 plus 47c for each $1 over $62,500 |
Tax rates 2002/2003
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $20,000 |
17c for each $1 over $6,000 |
|
$20,001 – $50,000 |
$2,380 plus 30c for each $1 over $20,000 |
|
$50,001 – $60,000 |
$11,380 plus 42c for each $1 over $50,000 |
|
Over $60,000 |
$15,580 plus 47c for each $1 over $60,000 |
Tax rates 2001/2002
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $20,000 |
17c for each $1 over $6,000 |
|
$20,001 – $50,000 |
$2,380 plus 30c for each $1 over $20,000 |
|
$50,001 – $60,000 |
$11,380 plus 42c for each $1 over $50,000 |
|
Over $60,000 |
$15,580 plus 47c for each $1 over $60,000 |
Tax rates 2000/2001
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $20,000 |
17c for each $1 over $6,000 |
|
$20,001 – $50,000 |
$2,380 plus 30c for each $1 over $20,000 |
|
$50,001 – $60,000 |
$11,380 plus 42c for each $1 over $50,000 |
|
Over $60,000 |
$15,580 plus 47c for each $1 over $60,000 |
Tax rates 1999/2000
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
|
| |
|
1984 to 1999
|
 |
|
The rates below do not include the Medicare levy.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> did not leave full-time education for the first time during the financial year.
Refer to link below: ‘Part-year Tax-free Threshold’.
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.
Tax rates 1998/1999
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
Tax rates 1997/1998
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
Tax rates 1996/1997
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
Tax rates 1995/1996
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
Tax rates 1994/1995
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $38,000 |
$3,060 plus 34c for each $1 over $20,700 |
|
$38,001 – $50,000 |
$8,942 plus 43c for each $1 over $38,000 |
|
Over $50,000 |
$14,102 plus 47c for each $1 over $50,000 |
Tax rates 1993/1994
|
Taxable income |
Tax on this income |
|
$0 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $36,000 |
$3,060 plus 35.5c for each $1 over $20,700 |
|
$36,001 – $38,000 |
$8,491.50 plus 38.5c for each $1 over $36,000 |
|
$38,001 – $50,000 |
$9,261.50 plus 44.125c for each $1 over $38,000 |
|
Over $50,000 |
$14,556.50 plus 47c for each $1 over $50,000 |
Tax rates 1992/1993
|
Taxable income |
Tax on this income |
|
$1 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $36,000 |
$3,060 plus 38c for each $1 over $20,700 |
|
$36,001 – $50,000 |
$8,874 plus 46c for each $1 over $36,000 |
|
Over $50,000 |
$15,314 plus 47c for each $1 over $50,000 |
Tax rates 1991/1992
|
Taxable income |
Tax on this income |
|
$1 – $5,400 |
Nil |
|
$5,401 – $20,700 |
20c for each $1 over $5,400 |
|
$20,701 – $36,000 |
$3,060 plus 38c for each $1 over $20,700 |
|
$36,001 – $50,000 |
$8,874 plus 46c for each $1 over $36,000 |
|
Over $50,000 |
$15,314 plus 47c for each $1 over $50,000 |
Tax rates 1990/1991
|
Taxable income |
Tax on this income |
|
$1 – $5,249 |
Nil |
|
$5,250 – $17,649 |
20.5c for each $1 over $5,250 |
|
$17,650 – $20,599 |
$2,542 plus24.5c for each $1 over $17,650 |
|
$20,600 – $20,699 |
$3,264.75 plus 29.5c for each $1 over $20,600 |
|
$20,700 – $34,999 |
$3,294.25 plus 38.5c for each $1 over $20,700 |
|
$35,000 – $35,999 |
$8,799.75 plus 42.5c for each $1 over $35,000 |
|
$36,000 – $49,999 |
$9,224.75 plus 46.5c for each $1 over $36,000 |
|
Over $50,000 |
$15,734.75 plus 47c for each $1 over $50,000 |
Tax rates 1989/1990
|
Taxable income |
Tax on this income |
|
$1 – $5,099 |
Nil |
|
$5,100 – $17,649 |
21c for each $1 over $5,100 |
|
$17,650 – $20,599 |
$2,635.50 plus 29c for each $1 over $17,650 |
|
$20,600 – $34,999 |
$3,491 plus 39c for each $1 over $20,600 |
|
$35,000 – $49,999 |
$9,107 plus 47c for each $1 over $35,000 |
|
Over $50,000 |
$16,157 plus 48c for each $1 over $50,000 |
Tax rates 1988/1989
|
Taxable income |
Tax on this income |
|
$1 – $5,100 |
Nil |
|
$5,101 – $12,600 |
24c for each $1 over $5,100 |
|
$12,601 – $19,500 |
$1,800 plus 29c for each $1 over $12,600 |
|
$19,501 – $35,000 |
$3,801 plus 40c for each $1 over $19,500 |
|
Over $35,000 |
$10,001 plus 49c for each $1 over $35,000 |
Tax rates 1987/1988
|
Taxable income |
Tax on this income |
|
$1 – $5,100 |
Nil |
|
$5,101 – $12,600 |
24c for each $1 over $5,100 |
|
$12,601 – $19,500 |
$1,800 plus 29c for each $1 over $12,600 |
|
$19,501 – $35,000 |
$3,801 plus 40c for each $1 over $19,500 |
|
Over $35,000 |
$10,001 plus 49c for each $1 over $35,000 |
Tax rates 1986/1987
|
Taxable income |
Tax on this income |
|
$0 – $4,889 |
Nil |
|
$4,890 – $12,499 |
24.42c for each $1 over $4,890 |
|
$12,500 – $12,599 |
$1,858.36 plus 26.50c for each $1 over $12,500 |
|
$12,600 – $19,499 |
$1,884.86 plus 29.42c for each $1 over $12,600 |
|
$19,500 – $27,999 |
$3,914.84 plus 44.25c for each $1 over $19,500 |
|
$28,000 – $34,999 |
$7,676.09 plus 46.83c for each $1 over $28,000 |
|
Over $35,000 |
$10,954.19 plus 57.08c for each $1 over $35,000 |
Tax rates 1985/1986
|
Taxable income |
Tax on this income |
|
$0 – $4,594 |
Nil |
|
$4,595 – $12,499 |
25c for each $1 over $4,595 |
|
$12,500 – $19,499 |
$1,976.26 plus 30c for each $1 over $12,500 |
|
$19,500 – $27,999 |
$4,076.25 plus 46c for each $1 over $19,500 |
|
$28,000 – $34,999 |
$7,986.25 plus 48c for each $1 over $28,000 |
|
Over $35,000 |
$11,346.25 plus 60c for each $1 over $35,000 |
Tax rates 1984/1985
|
Taxable income |
Tax on this income |
|
$1 – $4,594 |
Nil |
|
$4,595 – $12,499 |
26.67c for each $1 over $4,595 |
|
$12,500 – $19,499 |
$2,108.26 plus 30c for each $1 over $12,500 |
|
$19,500 – $27,999 |
$4,208.26 plus 46c for each $1 over $19,500 |
|
$28,000 – $34,999 |
$8,118.26 plus 47.33c for each $1 over $28,000 |
|
$35,000 – $35,787 |
$11,431.36 plus 55.33c for each $1 over $35,000 |
|
Over $35,788 |
$11,867.36 plus 60c for each $1 over $35,788 |
Tax rates 1983/1984
|
Taxable income |
Tax on this income |
|
$1 – $4,594 |
Nil |
|
$4,595 – $19,499 |
30c for each $1 over $4,595 |
|
$19,500 – $35,787 |
$4,471.50 plus 46c for each $1 over $19,500 |
|
Over $35,788 |
$11,963.98 plus 60c for each $1 over $35,788 |
|
| |
|
Save Time! Find Key Financial Facts and Figures in Seconds
|
 |
|
You don't need to waste time searching multiple, unreliable or out-of-date sources on the world wide web
"Pick and click" intuitively from our menus and find what you are looking for with just one click
Together on one website - only $88.00 per annum - 60 day Money Back Guarantee
|
|
|
|
|
TaxFP.com.au - An Online Quick Reference Library for Tax Agents and Financial Planners
There are over 2,500 third party links on this website that we don't control. If you find a broken link before we do, please let us know. Thanks
editor@taxfp.com.au
|
This page was last edited on 22 August 2019
|
|
|