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on 16-05-2015 11:37 AM
Here is the link for tax threshhold. I'm not saying we don't declare what we earn, just thought some may like to see what we can earn before we have to pay any tax.
The following rates for 2013-14 applied from 1 July 2013.
Taxable income
Tax on this income
0 – $18,200 - Nil
$18,201 – $37,000
19c for each $1 over $18,200
$37,001 – $80,000
$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000
$17,547 plus 37c for each $1 over $80,000
$180,001 and over
$54,547 plus 45c for each $1 over $180,000
The following rates for 2014-15 apply from 1 July 2014.
Taxable income
Tax on this income
0 – $18,200 - Nil
$18,201 – $37,000
19c for each $1 over $18,200
$37,001 – $80,000
$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000
$17,547 plus 37c for each $1 over $80,000
$180,001 and over
$54,547 plus 45c for each $1 over $180,000