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Guest LeeJane

Income Tax

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Guest LeeJane

Hi, Can anyone tell me the approx rate of income tax in Oz?


And is there a supertax band like here in the UK? ie 22% and then 40% above a certain amount.


We are looking to move early 07 and I'm looking at potential jobs and just wondering what the taxation rate is so I can work out take home pay.


Thanks, Lee


PS. I have been watching the site for a while now. I think all regulars can guess one person who will have an answer for me!!!!!

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Guest forshac

Hi there..


I have a book called - Living and Working in Australia by David Hampshire

which I seriously recommend you get.


What ever's not in this book you could write on the back of a post stamp..


However, I do agree with you, ABC Diamond is the font of all knowledge



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Guest ABCDiamond

Effective from July 1st 2006


Tax Rates for the year 2006/2007 are: NEW


Taxable income : Tax on this income

$0 – $6,000 : Nil

$6,001 – $25,000 : 15c for each $1 over $6,000

$25,001 – $75,000 : $2,850 plus 30c for each $1 over $25,000

$75,001 – $150,000 : $17,850 plus 40c for each $1 over $75,000

Over $150,000 : $47,850 plus 45c for each $1 over $150,000


* Low income earners under $10,000 will pay no tax, due to the Low Income Tax Offset.



Some Examples of Tax calculations (at 2006/2007 rates) are:

$25,000 gross = $2,850.00 tax (ie: 11.40% of gross)

$35,000 gross = $5,850.00 tax (ie: 16.71% of gross)

$45,000 gross = $8,850.00 tax (ie: 19.67% of gross)

$55,000 gross = $11,850.00 tax (ie: 21.55% of gross)

$65,000 gross = $14,850.00 tax (ie: 22.85% of gross)

$75,000 gross = $17,850.00 tax (ie: 23.80% of gross)

$85,000 gross = $21,850.00 tax (ie: 25.71% of gross)

$100,000 gross = $27,850.00 tax (ie: 27.85% of gross)

$200,000 gross = $67,850.00 tax (ie: 33.93% of gross)



On top of these rates will be the 1.5% Medicare levy.

If a single person earns more than $50,000, or a couple earn over $100,000 (combined), and DO NOT HAVE private medical insurance, this will be increased to a 2.5% Medicare levy.

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Guest LeeJane

Thanks everyone for your help

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