Australian Tax Rates
By clairesutton on Mar 29, 2006 in Business.
The two things in life that are guaranteed - Death and Taxes.
Tax rates 2005-06
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 |
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 2004-05
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