Tax Rates for Individual Residents
Tables
These rates apply to individuals who:
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are residents of Australia for tax purposes for the whole financial year (see Residency-overview for more information), and
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did not leave full-time education for the first time during the financial year.
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 |
| $150,001 and over | $47,100 plus 45c for each $1 over $150,000 |
Rates 2008 - 2009
| Taxable Income | Tax on this Income |
| $1 - $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 |
| $180,001 and over | $58,000 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare Levy of 1.5%.
Tax Free Super!
For information on how to achieve tax-free superannuation for yourself, please visit out tax free superannuation page.
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