Southern Cross Financial Planning

About Us: Fast Facts: Fast Facts - Taxation

Resident income tax rates – 2008/2009

Taxable Income Tax rate %*

$0 – $6,000  0%
$6,001 – $34,000  $0 + 15% of excess over $6,000
$34,001 – $80,000  $4,200 + 30% of excess over $34,000
$80,001 – $180,000  $18,000 + 40% of excess over $80,000
$180,001 & over  $58,000 + 45% of excess over $180,000

* Rates shown exclude the Medicare levy.

 

Non-resident income tax rates – 2008/2009

Taxable Income Tax rate %

$0 – $34,000  29%
$34,001 – $80,000  $9,860 + 30% of excess over $34,000
$80,001 – $180,000  $23,660 + 40% of excess over $80,000
$180,001 & over  $63,660 + 45% of excess over $180,000

 

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