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WARNING! THIS PAGE MAY NOT BE UP TO DATE
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As we no longer have the resources to keep it up to date, this website ceased to be a subscription website from March 2022
(last annual subscription accepted in December 2020)
You should not rely on it for the most up to date information. Having said that, we do update some of it from time to time.
You may still find some of it useful.
You may wish to use the atotaxrates.info website instead, which may be more up to date.
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Adult Income Tax Rates - Residents
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* Please click on maximise [+], not the titles, to display the contents of any hidden containers *
If you are a resident for Australian tax purposes for the full year the following rates apply.
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Calculators
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Links to useful information on this topic
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The Savings from Family Income Tax Splitting
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| 2021/2022 |
Adult Australian resident for tax purposes |
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| Split with 2 taxpayers |
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| Annual |
1 Taxpayer |
2 Taxpayers |
Tax |
| Income |
Tax payable |
Tax payable |
Saving |
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| $500,000 |
$205,667 |
$176,334 |
$29,333 |
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| $400,000 |
$158,667 |
$129,334 |
$29,333 |
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| $360,000 |
$139,867 |
$110,534 |
$29,333 |
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| $300,000 |
$111,667 |
$87,134 |
$24,533 |
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| $200,000 |
$64,667 |
$48,374 |
$16,293 |
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| $180,000 |
$55,267 |
$40,874 |
$14,393 |
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| $90,000 |
$20,437 |
$9,624 |
$10,813 |
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| $50,000 |
$6,387 |
$1,029 |
$5,358 |
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| Split with 3 taxpayers |
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| Annual |
1 Taxpayer |
3 Taxpayers |
Tax |
| Income |
Tax payable |
Tax payable |
Saving |
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| $600,000 |
$252,667 |
$194,001 |
$58,666 |
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| $540,000 |
$224,467 |
$165,801 |
$58,666 |
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| $400,000 |
$158,667 |
$111,201 |
$47,466 |
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| $360,000 |
$139,867 |
$95,061 |
$44,806 |
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| $300,000 |
$111,667 |
$72,561 |
$39,106 |
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| $200,000 |
$64,667 |
$37,161 |
$27,506 |
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| $180,000 |
$55,267 |
$29,961 |
$25,306 |
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| $90,000 |
$20,437 |
$5,661 |
$14,776 |
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| $50,000 |
$6,387 |
$1,029 |
$5,358 |
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Taxable Incomes for Various Average Tax Rates
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| Average Tax Rates |
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| including LITO, LAMITO, Medicare Levy and Budget Repair Levy |
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| Australian Resident Adults |
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| Average |
Taxable Income |
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| Tax Rate |
2021/2022 |
2020/2021 |
2019/2020 |
2018/2019 |
2017/2018 |
2016/2017 |
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| 0% |
$23,226 |
$23,226 |
$21,884 |
$21,884 |
$20,542 |
$20,542 |
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| 5% |
$28,065 |
$28,065 |
$26,658 |
$26,658 |
$25,421 |
$25,286 |
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| 10% |
$41,330 |
$41,330 |
$37,476 |
$37,476 |
$35,485 |
$35,485 |
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| 15% |
$55,300 |
$55,300 |
$50,158 |
$50,158 |
$45,015 |
$45,015 |
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| 20% |
$73,229 |
$73,229 |
$65,832 |
$65,832 |
$59,082 |
$59,082 |
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| 25% |
$106,504 |
$106,504 |
$95,783 |
$95,783 |
$88,343 |
$88,343 |
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| 27.5% |
$129,854 |
$129,854 |
$112,297 |
$112,297 |
$107,548 |
$107,548 |
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| 30% |
$165,923 |
$165,923 |
$138,922 |
$138,922 |
$137,422 |
$137,422 |
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| 35% |
$244,442 |
$244,442 |
$224,192 |
$224,192 |
$223,067 |
$216,915 |
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| 40% |
$419,043 |
$419,043 |
$384,329 |
$384,329 |
$382,400 |
$337,423 |
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| 45% |
$1,466,650 |
$1,466,650 |
$1,345,150 |
$1,345,150 |
$1,338,400 |
$759,200 |
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Spouse Details - what if they won't tell you
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Some questions posed by the editor to the ATO about spouse details in the tax return
ATO responses – 8 August 2013
Q1. Is the taxpayer legally required to enter this information?
A1. Yes. If a taxpayer identifies that they have a spouse, the ATO requires the information to correctly calculate the taxpayer’s entitlements and obligations. This year the use of income testing has expanded. Whether it is determining an entitlement to a tax concession, the private health insurance rebate or other obligations (including liability to Medicare levy surcharge), income testing requires details of the combined income of a taxpayer and their spouse (if they have one).
Accurate completion of the spouse details section of the tax return (including spouse’s income details as listed) means that additional information will not be required at a later time. If the information is not provided on lodgement, taxpayers could be asked to pay an additional amount at a later time.
Q2. When the taxpayer signs the tax return, is she declaring that the spouse information is complete and accurate?
A2. Yes, based on what they could reasonably be expected to know about their spouse's circumstances. If it is difficult for a taxpayer to accurately determine each income item, they can provide a reasonable estimate of their spouse’s taxable income at the time of lodgement. Please note that we plan in 2014 to check if the income test labels have been correctly completed as we are required to recoup any entitlements that have been overpaid. We will provide further information about our checking program later.
Q3. Do we now have to wait for both tax returns to be complete before lodging so that the spouse area can be completed accurately?
A3. No, see above answer regarding estimating your spouse's income.
Q4. What is the responsibility of the tax agent in this regard if the one spouse refuses to provide the information?
A4. Where the ATO identifies that a taxpayer has a spouse, spouse income details are required for the return to be lodged and processed. The tax agent should explain to the taxpayer that it is important that the labels are completed accurately, so that correct entitlements and obligations are calculated. Sometimes an estimate of nil (zero) income may be appropriate, however this estimate would clearly be unreasonable if for example, the taxpayer is aware the spouse is in full time employment). In this instance a tax agent may wish to explain to a taxpayer that in some circumstances penalties and interest may apply to a tax shortfall.
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2024/2026 (amended Stage 3 tax cuts)
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $45,000
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16c for each $1 over $18,200
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$45,001 – $135,000
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$4,288 plus 30c for each $1 over $45,000
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$135,001 – $190,000
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$31,288 plus 37c for each $1 over $135,000
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Over $190,000
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$51,638 plus 45c for each $1 over $190,000
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Part year tax free threshold
Example:
A resident becomes a non-resident on 15 August 2012.
The tax-free threshold is $18,200, being $13,464 + ($4,736 ÷ 12 x 2) = $14,253
Also: The low-income tax offset applies as if they had been an Australian Tax Resident for a full year.
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.
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2020/2021 to 2023/2024
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $45,000
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19c for each $1 over $18,200
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$45,001 – $120,000
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$5,092 plus 32.5c for each $1 over $45,000
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$120,001 – $180,000
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$29,467 plus 37c for each $1 over $120,000
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Over $180,000
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$51,667 plus 45c for each $1 over $180,000
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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.
Part year tax free threshold
Example:
A resident becomes a non-resident on 15 August 2012.
The tax-free threshold is $18,200, being $13,464 + ($4,736 ÷ 12 x 2) = $14,253
Also: The low-income tax offset applies as if they had been an Australian Tax Resident for a full year.
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2018/2019 to 2019/2020
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $37,000
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19c for each $1 over $18,200
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$37,001 – $90,000
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$3,572 plus 32.5c for each $1 over $37,000
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$90,001 – $180,000
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$20,797 plus 37c for each $1 over $90,000
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Over $180,000
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$54,097 plus 45c for each $1 over $180,000
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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.
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2017/2018
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $37,000
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19c for each $1 over $18,200
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$37,001 – $87,000
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$3,572 plus 32.5c for each $1 over $37,000
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$87,001 – $180,000
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$19,822 plus 37c for each $1 over $87,000
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Over $180,000
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$54,232 plus 45c for each $1 over $180,000
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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.
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2017/2018 - The Real Tax Rates and Thresholds after applying the LITO and Medicare levy
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| The real marginal tax rates after applying the LITO and the Medicare Levy |
| 2017/2018 |
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| Taxable |
Tax & |
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Marginal |
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| Income |
Medicare |
Next |
Tax Rate |
Reason |
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| $0 |
$0 |
$18,200 |
0% |
LITO kicks in after $18,200 |
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| $18,200 |
$0 |
$3,780 |
0% |
19% Marginal Tax Rate starts at $18,200 |
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| $20,542 |
$0 |
$1,438 |
19.0% |
LITO eliminates any tax |
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| $21,980 |
$273 |
$5,495 |
29.0% |
10% Medicare Levy Rate starts at $21,980 |
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| $27,475 |
$1,867 |
$9,525 |
21.0% |
2% Medicare Levy Rate starts at $27,475 |
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| $37,000 |
$3,867 |
$0 |
21.0% |
LITO maximum offset reduces after $37,000 |
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| $37,000 |
$3,867 |
$29,667 |
36.0% |
32.5% Marginal Tax Rate starts at $37,000 |
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| $66,667 |
$14,547 |
$20,333 |
34.5% |
LITO cuts out at $66,667 |
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| $87,000 |
$21,562 |
$93,000 |
39.0% |
37% Marginal Tax Rate starts at $87,000 |
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| The Marginal Tax Rate between $18,200 and $37,000 is 20.6% |
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| The Marginal Tax Rate between $20,542 and $37,000 is 23.5% |
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| The Marginal Tax Rate between $37,000 and $87,000 is 35.4% |
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| The marginal tax rates above includes the Medicare Levy , if applicable. |
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| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
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| Medicare Levy and Low income tax offset (LITO). |
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| Taxpayers should consider other available marginal tax rates. |
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| The above table assumes that the taxpayer is single and not entitled to any other offsets |
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| and that they have adequate private health insurance to avoid the Medicare Surcharge |
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2016/2017
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $37,000
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19c for each $1 over $18,200
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$37,001 – $87,000
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$3,572 plus 32.5c for each $1 over $37,000
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$87,001 – $180,000
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$19,822 plus 37c for each $1 over $87,000
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Over $180,000
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$54,232 plus 47c for each $1 over $180,000
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The above rates include the Temporary Budget Repair Levy.
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.
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2016/2017 - The real tax rates after applying LITO and the Medicare Levy
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| Taxable |
Tax & |
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Marginal |
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| Income |
Medicare |
Next |
Tax Rate |
Reason |
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| $0 |
$0 |
$18,200 |
0% |
LITO kicks in after $18,200 |
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| $18,200 |
$0 |
$3,455 |
0% |
19% Marginal Tax Rate starts at $18,200 |
| $20,542 |
$0 |
$1,113 |
19.0% |
LITO eliminates any tax |
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| $21,655 |
$211 |
$5,414 |
29.0% |
10% Medicare Levy Rate starts at $21,655 |
| $27,069 |
$1,781 |
$9,931 |
21.0% |
2% Medicare Levy Rate starts at $27,069 |
| $37,000 |
$3,867 |
$0 |
21.0% |
LITO maximum offset reduces after $37,000 |
| $37,000 |
$3,867 |
$29,667 |
36.0% |
32.5% Marginal Tax Rate starts at $37,000 |
| $66,667 |
$14,547 |
$20,333 |
34.5% |
LITO cuts out at $66,667 |
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| $87,000 |
$21,562 |
$93,000 |
39.0% |
37% Marginal Tax Rate starts at $87,000 |
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| The Marginal Tax Rate between $18,200 and $37,000 is 20.6% |
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| The Marginal Tax Rate between $20,542 and $37,000 is 23.5% |
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| The Marginal Tax Rate between $37,000 and $87,000 is 35.4% |
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| The marginal tax rates above includes the Medicare Levy , if applicable. |
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| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
| Medicare Levy and Low income tax offset (LITO). |
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| Taxpayers should consider other available marginal tax rates. |
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| The above table assumes that the taxpayer is single and not entitled to any other offsets |
| and that they have adequate private health insurance to avoid the Medicare Surcharge |
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2015/2016 and 2014/2015
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Taxable income
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Tax on this income
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$0 – $18,200
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Nil
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$18,201 – $37,000
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19c for each $1 over $18,200
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$37,001 – $80,000
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$3,572 plus 32.5c for each $1 over $37,000
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$80,001 – $180,000
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$17,547 plus 37c for each $1 over $80,000
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Over $180,000
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$54,547 plus 47c for each $1 over $180,000
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The above rates include the Temporary Budget Repair Levy.
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.
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2015/2016 - The real tax rates after applying LITO and the Medicare Levy
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| Taxable |
Tax & |
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Marginal |
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| Income |
Medicare |
Next |
Tax Rate |
Reason |
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| $0 |
$0 |
$18,200 |
0% |
LITO kicks in after $18,200 |
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| $18,200 |
$0 |
$3,135 |
0% |
19% Marginal Tax Rate starts at $18,200 |
| $20,542 |
$0 |
$793 |
19.0% |
LITO eliminates any tax |
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| $21,335 |
$151 |
$5,334 |
29.0% |
10% Medicare Levy Rate starts at $21,335 |
| $26,669 |
$1,697 |
$10,331 |
21.0% |
2% Medicare Levy Rate starts at $26,669 |
| $37,000 |
$3,867 |
$0 |
21.0% |
LITO maximum offset reduces after $37,000 |
| $37,000 |
$3,867 |
$29,667 |
36.0% |
32.5% Marginal Tax Rate starts at $37,000 |
| $66,667 |
$14,547 |
$13,333 |
34.5% |
LITO cuts out at $66,667 |
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| $80,000 |
$19,147 |
$100,000 |
39.0% |
37% Marginal Tax Rate starts at $80,000 |
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| The Marginal Tax Rate between $18,200 and $37,000 is 20.6% |
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| The Marginal Tax Rate between $20,542 and $37,000 is 23.5% |
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| The Marginal Tax Rate between $37,000 and $80,000 is 35.5% |
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| The marginal tax rates above includes the Medicare Levy , if applicable. |
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| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
| Medicare Levy and Low income tax offset (LITO). |
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| Taxpayers should consider other available marginal tax rates. |
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| The above table assumes that the taxpayer is single and not entitled to any other offsets |
| and that they have adequate private health insurance to avoid the Medicare Surcharge |
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2014/2015 - The real tax rates after applying the LITO and Medicare Levy
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Taxable
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Tax &
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Marginal
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Income
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Medicare
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Next
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Tax Rate
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Reason |
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$0
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$0
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$18,200
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0%
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LITO kicks in after $18,200 |
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$18,200
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$0
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$2,342
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0.0%
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19% Marginal Tax Rate starts at $18,200 |
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$20,542
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$0
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$3,625
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29.0%
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10% Medicare Levy Rate starts at $20,542 |
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$24,167
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$1,051
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$12,833
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21.9%
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2% Medicare Levy Rate starts at $24,167 |
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$37,000
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$3,867
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$0
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21.9%
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LITO maximum offset reduces after $37,000 |
|
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$37,000
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$3,867
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$29,667
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36.0%
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32.5% Marginal Tax Rate starts at $37,000 |
|
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$66,667
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$14,547
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$13,333
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34.5%
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LITO cuts out at $66,667 |
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$80,000
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$19,147
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$100,000
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39.0%
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| The Marginal Tax Rate between $18,200 and $37,000 is 20.6% |
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| The Marginal Tax Rate between $20,542 and $37,000 is 23.5% |
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| The Marginal Tax Rate between $37,000 and $80,000 is 35.5% |
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|
|
|
|
|
|
| The marginal tax rates above includes the Medicare Levy , if applicable. |
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| The excessive marginal tax rates are caused by the interaction of 2 thresholds |
|
| Medicare Levy and Low income tax offset (LITO). |
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| Taxpayers should consider other available marginal tax rates, if available. |
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| The above table assumes that the taxpayer is single and not entitled to any other offsets |
|
| and (if they have taxable income above $90,000 for 2014/2015) |
|
|
|
| that they have adequate private health insurance to avoid the Medicare Surcharge |
|
|
| |
|
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 |
|
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|
Residency Issues
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