|
| Taxable income |
Tax on this income |
| $0 – $6,000 |
Nil |
| $6,001 – $34,000 |
15c for each $1 over $6,000 |
| $34,001 – $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
| $80,001 – $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
| $180,001 and over |
$58,000 plus 45c for each $1 over $180,000 |
|
|
|
|
|
|
The above rates do not include the Medicare levy of 1.5%
Employers are
also required to pay 9% Superannuation
for each employee
For more info...click here
Tax Rate: Business 30%...for more info, click here
Other taxes includes GST, Capital Gains Tax, Fringe Benefit Tax, Superannuation, etc.
Are
Australian Taxes too Complex?
Find out here!
Accountant's Letter describing Australian Taxes
Federal
Taxes will Cripple fragile economy
The
Federal Report by the Centre for
International Economics (CIE) dated December 2006 into
the Economic Impact of Federal Taxes on
Norfolk Island concluded that it would
have a severe negative impact on Norfolk
Island's economy leading to a welfare
state.
Consequently, the Howard
government abandoned plans to extend
taxes of Norfolk Island.
This
report is under lock and key (Cabinet
Confidential) and not available to the
current Rudd Government, and not
available under the Australian Freedom
of Information Act.
Taxation
options
Expenditure Tax - Access Economics
March 1997
Perhaps
Norfolk's solutions is as follows:
9% GST plus a "medicare levy" of $1.5%
for a total tax of 10.5% on all goods and
services. Bring in Federal Medicare and PBS benefit coverage for Norfolk
residents. Do not automatically extend
Australian laws to Norfolk.
Negotiate
Immigration Controls? Perhaps Federal
Govt can assume control over Customs and
Quarantine, provided import of vehicles,
etc. not impacted by Australian "safety"
laws (also known as industry protection
laws). Customs Revenue to be repatriated
to Norfolk Island? |
