Tax cuts, but they are the watered down version of Libs Stage 3 tax cuts that benefit the higher income earners more, effective from 1 July this year.
Tax Scale 2024-25 (Stage 3 tax cuts as adjusted)
Column 1 Column 2 0 Taxable Income Tax On This Income 1 0 to $18,200 Nil 2 $18,201 to $45,000 16c for each $1 over $18,200 3 $45,000 to $135,000 $4,288 plus 30c for each $1 over $45,000 4 $135,000 to $190,000 $31,288 plus 37% for each $1 over $135,000 5 over $190,000 $51,638 plus 45% for each $1 over $190,000
compared to present
2023-24 Tax Scale
Column 1 Column 2 0 Taxable Income Tax On This Income 1 0 to $18,200 Nil 2 $18,201 to $45,000 19c for each $1 over $18,200 3 $45,001 to $120,000 $5,092 plus 32.5c for each $1 over $45,000 4 $120,001 to $180,000 $29,467 plus 37c for each $1 over $120,000 5 $180,001 and over $ 51,667 plus 45c for each $1 over $180,000
- Forums
- ASX - General
- Tax Cuts
Tax cuts, but they are the watered down version of Libs Stage 3...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online