Income Tax in Australia 2013 – 2014.
Special rules apply to income earned by people under 18 years old and, in some cases, some of their income may be taxed at a higher rate than an adult.
2013-2014 Tax Rates for Earners classed as Tax-Resident.
Taxable income | Tax on this income |
---|---|
0 to $18,200 | Nil |
$18,201 to $37,000 | 19 cents for each $1 over $18,200 |
$37,001 to $80,000 | $3,572 plus 32.5 cents for each $1 over $37,000 |
$80,001 to $180,000 | $17,547 plus 37 cents for each $1 over $120,000 |
$180,001 and over | $54,547 plus 45 cents for each $1 over $180,000 |
Source: Australian Taxation Office
The above rates do not include the Medicare Levy.