The following are the scheduled personal income tax rates for the financial year 2011-2012. These rates are currently unchanged from the financial year, 2010-2011. However, these rates are subject to change depending on commitments from the government of the day, and any proposals contained in the Federal Budget set to be brought down in May 2011.

2011 to 2012 Financial year Australia Personal Income Tax Rates:

$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 $37,001

$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

2010 - 2011 Personal Income Tax Rates

.

1 comments

Anonymous said... @ 2:17 PM

great... cost of existing/inflation up, tax rates remains where they are. more money lining the fat pockets of government. i hope people realise all tax payers are losing even before Swan opens his mouth!

Post a Comment

Custom Search

About Just Grumpy

Im not a right wing nut job, far from it. I just believe that the world doesnt owe you a living, you make your own luck (was that Kevin Rudd?) and if you work hard you can succeed.

Thats not to say that we shouldnt help those who cant help themselves. I have a firm belief in giving a helping hand up to those who genuinely need it. (please give generously to my linked charities)

I call myself a realist and i want to tell it like it is. Somebody has to speak the truth. Because seriously, what a selfish bunch of insular tools we have become in today's dreamy Australia.

Maybe we arent so different to the rest of the world. And maybe it was always this way.

Anyway, until things change, i remain young and grumpy.

Contact Me youngandgrumpy@gmail.com