Tax rates have changed, and the highest tax rate of 45% is now only paid on any annual taxable income of over $180,000
2009/2010 Australian Tax rates:
$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 $34,000
$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
There is an extra 1.5% Medicare levy to be added to the above.
Low income earners under $15,000 will pay no tax, due to the Low Income Tax Offset.
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