How much is tax in australia?

Question

I am doing a school project and i need to know ASAP please and thank you

Answer 1

If you mean income tax, here are the rates for the Financial Year 2007-2008 (ends on Monday)

For incomes between $1 – $6,000  

Nil tax payable

For incomes between $6,001 – $30,000

Tax payable is 15c for each $1 over $6,000

For incomes between $30,001 – $75,000  

Tax payable is $3,600 plus 30c for each $1 over $30,000

For incomes between $75,001 – $150,000

Tax payable is $17,100 plus 40c for each $1 over $75,000

For incomes $150,001 and over

Tax payable is $47,100 plus 45c for each $1 over $150,000

All taxpayers must also pay a Medicare levy of 1.5%. Some high income earners who do not have private health insurance must pay an additional 1% Medicare levy surcharge

All of the above rates will change from1st July, 2008