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Tax rates 2008-09
$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
If your income is 60,000, the tax you should pay is
4200+(60000-34000)X0.30=12000
so the after tax income is 60000-12000=48000
This is exclude tax return at the end of fincial year.
Generally you will get more then that number as the tax deduction items are heaps. |
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