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New immigrant should be aware of the income tax in Australia.

 

Tax rates 2014-15

The following rates for 2014-15 apply from 1 July 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

$180,001 and over

$54,547 plus 45c for each $1 over $180,000

The above rates do not include the Medicare levy of 2%

 

 

Find out more

Medicare levy

End of find out more

The above rates do not include the Temporary Budget Repair Levy. The Temporary Budget Repair Levy is payable at a rate of 2% for taxable incomes over $180,000.

 

 

ATO Link: https://www.ato.gov.au/rates/individual-income-tax-rates/

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And it could go higher from what the lying idiots were saying today..They need more money to pay their billions of imaginary dept..What a joke they are, and will the sheep obey..

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