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Residents These rates apply to individuals who areAustralian residents for tax purposes (see Residency - what you need to knowfor more information). Tax rates 2012-13 The following rates for 2012-13 apply from1 July 2012. Taxable income Tax rates 2012-13
The following rates for 2012-13 apply from 1 July 2012.
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
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The above rates do notinclude the Medicare levy of 1.5% (see Guide to Medicare levyfor more information).
Tax rates 2011-12
The following rates for 2011-12 apply from 1 July 2011.
Taxable income
| Tax on this income
| 0 - $6,000
| Nil
| $6,001 - $37,000
| 15c for each $1 over $6,000
| $37,001 - $80,000
| $4,650 plus 30c for each $1 over $37,000
| $80,001 - $180,000
| $17,550 plus 37c for each $1 over $80,000
| $180,001 and over
| $54,550 plus 45c for each $1 over $180,000
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The above rates do notinclude the Medicare levy of 1.5% (see Guide to Medicare levyfor more information).
The above rates do not include the Flood levy (see Flood levy information for individuals for more information).
Foreign residents
If you are a foreign resident for the full year, the following rates apply:
Tax rates 2012-13
The following rates for 2012-13 apply from 1 July 2012.
Taxable income
| Tax on this income
| 0 - $80,000
| 32.5c for each $1
| $80,001 - $180,000
| $26,000 plus 37c for each $1 over $80,000
| $180,001 and over
| $63,000 plus 45c for each $1 over $180,000
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Foreign residents are not required to pay the Medicare levy.
Tax rates 2011-12
The following rates for 2011-12 apply from 1 July 2011.
Taxable income
| Tax on this income
| 0 - $37,000
| 29c for each $1
| $37,001 - $80,000
| $10,730 plus 30c for each $1 over $37,000
| $80,001 - $180,000
| $23,630 plus 37c for each $1 over $80,000
| $180,001 and over
| $60,630 plus 45c for each $1 over $180,000
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The above rates do not include the Flood levy (see Flood levy information for individuals for more information).
Foreign residents are not required to pay the Medicare levy.
Children
If you are under the age of 18, and receive 'unearned' income (for example, investment income), special rates apply. See Income of individuals under the age of 18.
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