Tax Facts
Resident Individual Rates for 2009/10
2009/10 Thresholds |
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 |
Resident Individual Rates for 2008/09 and 2007/2008
2008/09 Thresholds |
Tax on this income |
2007/08 Thresholds |
Tax on this income |
0 - $6,000 |
Nil |
0 - $6,000 |
Nil |
$6,001 - $34,000 |
15c for each $1 over $6,000 |
$6,001 - $30,000 |
15c for each $1 over $6,000 |
$34,001 - $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
$30,001 - $75,000 |
$3,600 plus 30c for each $1 over $30,000 |
$80,001 - $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
$75,001 - $150,000 |
$17,100 plus 40c for each $1 over $75,000 |
Over $180,000 |
$58,000 plus 45c for each $1 over $180,000 |
Over $150,000 |
$47,100 plus 45c for each $1 over $150,000 |
Resident Individual Rates for 2006/07 and 2005/06
| 2006/07 Thresholds |
Tax on this income |
2005/06 Thresholds |
Tax on this income |
|---|---|---|---|
0 - $6,000 |
Nil |
0 - $6,000 |
Nil |
$6,001 - $25,000 |
15c for each $1 over $6,000 |
$6,001 - $21,600 |
15c for each $1 over $6,000 |
$25,001 - $75,000 |
$2,850 plus 30c for each $1 over $25,000 |
$21,601 - $63,000 |
$2,340 plus 30c for each $1 over $21,600 |
$75,001 - $150,000 |
$17,850 plus 40c for each $1 over $75,000 |
$63,001 - $95,000 |
$14,760 plus 42c for each $1 over $63,000 |
Over $150,000 |
$47,850 plus 45c for each $1 over $150,000 |
Over $95,000 |
$28,200 plus 47c for each $1 over $95,000 |
Notes on tax rates
Taxable income includes capital gains
Medicare levy currently 1.5% of taxable income is not included
Resident individuals are entitled to a refund of imputation credits that exceed the primary tax payable
Resident individuals are entitled to the 50% discount on the disposal of assets that are held for at least 12 months.
