A summary of the budget changes effective from 1 July 2014 is below:
• The personal tax rates for the 2014/15 income year are
Taxable income
0 – $18,200
$18,201 – $37,000
$37,001 – $80,000
$80,001 – $180,000
**$180,001 and over
Tax on this income*
Nil
19c for each $1 over $18,200
$3,572 plus 32.5c for each...
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