Fact, Fiction and Inbetweenn, page-17

If I may, and in order to support my previous post, and also for everyone's future interest:

Tax rates 2014-15

	{caption}The following rates for 2014-15 apply from 1 July 2014.{/caption}
1	Taxable income
2	Tax on this income
3	0 – $18,200	Nil
4	$18,201 – $37,000	19c for each $1 over $18,200
5	$37,001 – $80,000	$3,572 plus 32.5c for each $1 over $37,000
6	$80,001 – $180,000	$17,547 plus 37c for each $1 over $80,000
7	$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%


Medicare levy

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.



And, notice that the 2% Medicare Levy, is only ""A Temporary Budget Repair Levy" too.

Cheers to all and sundries.