Investor Marginal Tax Rate
The following table has been source from the ATO Website and was current as at 10/10/2010. Looking at the table below you can find your marginal tax rate by aligning your Taxable Income to the "Tax on this income" column and then converting the highlighted figure (cents) into a percentage. For example if you earn $85,000 per year then the tax on the income per dollar is 37 cents. Hence your marginal tax rate is 37%. For further information, please visit the ATO Website.
Tax Rates 2010 - 2011
Taxable income |
Tax on this income |
Marginal Tax Rate |
0 – $6,000 |
Nil |
0% |
$6,001 – $37,000 |
15c for each $1 over $6,000 |
15% |
$37,001 – $80,000 |
$4,650 plus 30c for each $1 over $37,000 |
30% |
$80,001 – $180,000 |
$17,550 plus 37c for each $1 over $80,000 |
37% |
$180,001 and over |
$54,550 plus 45c for each $1 over $180,000 |
45% |